--- description: Business for Colorado purveyors of marijuana was good from the beginning but has soared in the past year title: Colorado Pot Tax Revenue Nearly Doubles in One Year image: https://static.time.com/v3/assets/bltea6093859af6183b/bltde093bcdab65f2d0/6988d9b9bc6cfc69913e2a3c/time-logo.jpg?branch=production --- * [U.S.](/section/us/) ## U.S. Update your preferences in [Account Settings](/account/preferences/) Close * [Drugs](/tag/drugs/) ## Drugs Update your preferences in [Account Settings](/account/preferences/) Close # Colorado Marijuana Tax Revenue Nearly Doubles in One Year ## Video: Inside the World of Medical Marijuana for Kids [Watch (HLS stream): Inside the World of Medical Marijuana for Kids](https://cdn.jwplayer.com/manifests/6Ic4KUCK.m3u8) (16:16)  _Published 2014-10-21. The story of a family's illegal cross-country drive to transport marijuana oil for their epileptic 3-year-old daughter. A look inside the quasi-legal, science free world of medical marijuana for children from TIME's Red Border Films_  by [Justin Worland](/author/justin-worland/)  ## Justin Worland Update your preferences in [Account Settings](/account/preferences/) Close Senior Correspondent Aug 19, 2015 5:25 PM CUT  by [Justin Worland](/author/justin-worland/)  ## Justin Worland Update your preferences in [Account Settings](/account/preferences/) Close Senior Correspondent Aug 19, 2015 5:25 PM CUT It’s been a year and a half since the legalization of marijuana went into effect in Colorado. Business for purveyors of marijuana was good from the beginning, but has soared in the past year, according to [data](https://www.colorado.gov/pacific/revenue/colorado-marijuana-tax-data "undefined") collected by the Colorado Department of Revenue. The state collected $9.7 million in taxes related to marijuana sales in June 2015, up nearly $5 million from the same month last year. By May, the state had collected more than $88 million in marijuana taxes in 2015. Revenue from marijuana sales has been used to fund improvements to the state’s public schools. “The people who were smoking marijuana before legalization still are. Now, they’re paying taxes,” Gov. John Hickenlooper [told](http://www.usatoday.com/story/news/nation/2015/02/17/colorado-marijuana-revenues/23565543/ "undefined") _USA Today_ in February. Colorado is one of four states that have legalized recreational marijuana despite a federal ban prohibiting it. Many more states have legalized medical marijuana. ### Go Inside the Harvest of Colorado's Most Controversial Marijuana Strain  Charlotte's Web grows on the Stanley brother's farm near Wray, Colo. on Sept. 22, 2014\. The Stanley Brothers have developed a popular strain of cannabis that has been found to be helpful in reducing seizures in some children. Charlotte's Web is high in a compound called cannabidiol (CBD) and low in tetrahydrocannabinol (THC) the compound that causes a high. Matt Nager for TIME  Charlotte's Web grows on the Stanley brother's farm near Wray, Colo. on Sept. 22, 2014. Matt Nager for TIME  From left: Zachary Sobol, Michael Atchley, and Jared Stanley walk to the farm to prepare for harvest of Charlotte's Web near Wray, Colo. on Sept. 22, 2014. Matt Nager for TIME  Rows of Charlotte's Web await harvest at the Stanley brother's farm near Wray, Colo. on Sept. 22, 2014. Matt Nager for TIME  Jared Stanley helps in the harvest of Charlotte's Web on the Stanley brother's farm near Wray, Colo. on Sept. 22, 2014. Matt Nager for TIME  Colin Sparks searches for seeds during the harvest of Charlotte's Web on the Stanley brother's Charlotte's Web farm near Wray, Colo. on Sept. 22, 2014. Matt Nager for TIME  Discarded leaves of Charlotte's Web at a farm near Wray, Colo. on Sept. 22, 2014. Matt Nager for TIME  Tim Knight helps in the harvest of Charlotte's Web on the Stanley brother's farm near Wray, Colo. on Sept. 22, 2014. Matt Nager for TIME  Rows of Charlotte's Web await travel to a drying facility after being harvested on a farm near Wray, Colo. on Sept. 22, 2014. Matt Nager for TIME  Zachary Sobol catches a ride on a trailer to the Stanley brother's farm during harvest of Charlotte's Web near Wray, Colo. on Sept. 22, 2014. Matt Nager for TIME  Rows of Charlotte's Web await travel to a drying facility after being harvested from a farm near Wray, Colo. on Sept. 22, 2014. Matt Nager for TIME  One of the Stanley brother's greenhouses growing cannabis near Wray, Colo. on Sept. 22, 2014. Matt Nager for TIME  Zachary Sobol hangs rows of Charlotte's Web to dry after harvest in Wray, Colo. on Sept. 22, 2014. Matt Nager for TIME  Penn Mattison, left, and Zachary Sobol, right, hang rows of Charlotte's Web to dry after being harvested from a farm near Wray, Colo. on Sept. 22, 2014. Matt Nager for TIME  The Stanley brothers' new company laboratory in Boulder, Colo. on Sept. 23, 2014. Matt Nager for TIME  A petri dish full of cannabis explants await transfer and transplanting at the Stanley brothers' lab in Boulder, Colo. on Sept. 23, 2014. Matt Nager for TIME  Molecular plant biologist and lab manager Bear Reel awaits the cooling of agar to help induce rooting of transplanted cannabis plants at the Stanley brothers' company laboratory in Boulder, Colo. on Sept. 23, 2014. Matt Nager for TIME  The lab notebook of molecular plant biologist and lab manager Bear Reel at the Stanley brothers' company laboratory in Boulder, Colo. on Sept. 23, 2014. Matt Nager for TIME  A flask of agar cools before explants of hemp are transplanted to help induce rooting and new growth at the Stanley brothers' company laboratory in in Boulder, Colo. on Sept. 23, 2014. Matt Nager for TIME  Tissue cutter technician Meg Regan holds a vial of explants before sanitizing and transplanting at the Stanley brothers' laboratory in Boulder, Colo. on Sept. 23, 2014. Matt Nager for TIME ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/4003262/colorado-pot-revenue/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/4003262/colorado-pot-revenue/"},"headline":"Colorado Marijuana Tax Revenue Nearly Doubles in One Year","datePublished":"2015-08-19T17:25:35.000Z","dateModified":"2026-05-11T05:01:59.913Z","description":"Marijuana tax revenue supports Colorado public schools","url":"https://time.com/4003262/colorado-pot-revenue/","keywords":["Drugs"],"thumbnailUrl":"","author":[{"@type":"Person","name":"Justin Worland","jobTitle":"Senior Correspondent","url":"https://time.com/author/justin-worland/"}],"articleSection":"U.S.","image":[],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/us/","name":"U.S."}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/drugs/","name":"Drugs"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/4003262/colorado-pot-revenue/","name":"Colorado Marijuana Tax Revenue Nearly Doubles in One Year"}}]},{"@context":"https://schema.org","@type":"VideoObject","name":"Inside the World of Medical Marijuana for Kids","description":"The story of a family's illegal cross-country drive to transport marijuana oil for their epileptic 3-year-old daughter. A look inside the quasi-legal, science free world of medical marijuana for children from TIME's Red Border Films","thumbnailUrl":"https://cdn.jwplayer.com/v2/media/6Ic4KUCK/poster.jpg?width=720","uploadDate":"2014-10-21T21:04:57.000Z","contentUrl":"https://cdn.jwplayer.com/manifests/6Ic4KUCK.m3u8","embedUrl":"https://time.com/4003262/colorado-pot-revenue/","duration":"PT16M16S","potentialAction":{"@type":"SeekToAction","target":"https://time.com/4003262/colorado-pot-revenue/?jw_start={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"}}] ```