Colo. Reels In $2.1M In Recreational Marijuana Revenue

Law360, New York (March 10, 2014, 6:48 PM EDT) -- The Colorado Department of Revenue announced Monday that the state collected approximately $2.1 million in taxes and fees off January sales of recreational marijuana, saying collections were in line with the state's expectations.

The figures are the first provided by the Revenue Department since Colorado, at the start of 2014, became the first state in the country to permit recreational marijuana sales. Overall collections in January, including  taxes and fees generated through recreational and medical marijuana sales, totaled just over $3.5 million.

Recreational marijuana sales are...
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