Colorado hit a huge milestone today! The state hit half a billion dollars in cannabis tax revenue. Since the legalization of marijuana in 2014, Colorado has hit more than half a billion dollars in tax revenue.
The state hit the mark in May but a report by VS Strategies in Denver on data from the Colorado Department of Revenue wasn’t made public until Wednesday, KDVR reports.
According to the company’s report, sales totaled $76 million in 2014, $135 million in 2015, and then $198 million in 2016. Sales have already hit $96 million as of May of this year. According to the report, 51.3 percent of the funds have gone to schools. While others have gone to things like criminal justice and substance abuse programs.