$134M In Projected Colo. Marijuana Taxes Busts Estimates

Law360, New York (February 19, 2014, 5:39 PM EST) -- Colorado Gov. John Hickenlooper said Wednesday that the state expects to collect approximately $133.6 million in taxes off the sale of recreational and medical marijuana in the next fiscal year — a figure that would far exceed earlier estimates. 

The tax data was included in a proposal outlining how Hickenlooper intends to spend $99 million generated from marijuana taxes. Estimates on how much Colorado's marijuana taxes would generate for the state have varied, but the latest projections indicate that demand is stronger than originally anticipated....
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