Colo. Springs hits new high in pot tax revenue

By: CNBC Email
By: CNBC Email

COLORADO SPRINGS, Colo. (KKCO) - The Gazette reports that sales of marijuana and marijuana-infused products generated $56,991 in tax revenue in August, a nearly 12 percent jump from July.

So far this year, Colorado Springs has collected almost $325,000 in sales tax revenue from the medical marijuana industry. That's nearly three times the total collected last year.

Meanwhile, the El Paso County commissioners have put a measure on the November ballot asking whether medical marijuana businesses should be banned in unincorporated areas.

Medical marijuana has been legal in Colorado since 2000. A new state law imposes regulations and allows communities to ban the businesses.

Information from: The Gazette, http://www.gazette.com


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