Distilling and Cannabis Industries Blog

Friday, July 11, 2014

Colorado - $202 million in pot sales?!

The first six months of recreational marijuana sales in Colorado are providing interesting results and demonstrate that regulatory structure and taxes have a significant impact on spending habits.  Washington State will (I predict) eliminate medical marijuana as we know it and will capture the underlying tax revenue even if the retail tax is eliminated for holders of medical marijuana cards (still have producer and processors taxes).  Read the complete story on The Cannabist.

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