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Colorado Marijuana Tax Revenue Nearly Doubles in One Year

Aug 19, 2015

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 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 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 Stanley Brothers Pot Weed Marijuana Colorado California
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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 Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web Stanley Brothers Pot Weed Marijuana Colorado California
Charlotte's Web grows on the Stanley brother's farm near Wray, Colo. on Sept. 22, 2014. The Stanley Brothers have develo
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Matt Nager for TIME
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