Analysis

For First Time in History, a State Generates More Annual Tax Revenue From Marijuana Sales Than From Alcohol Sales

 

Colorado’s ‘marijuana tax holiday’ on Wednesday will be a ‘much-deserved day off’ — the state raised nearly $70 million from marijuana-specific taxes in FY 2014-2015, compared to just under $42 million from alcohol-specific taxes

http://blogs-images.forbes.com/ceciliarodriguez/files/2012/12/marijuana-cancer-study1.jpg

DENVER —(ENEWSPF)–September 15, 2015.  For the first time in history, a state has generated more annual revenue from taxes imposed on marijuana than from taxes imposed on alcohol. According to the Colorado Department of Revenue, the state collected nearly $70 million in marijuana-specific taxes and just under $42 million…

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