‘Major milestone’: Colorado hits half a billion in cannabis tax revenue

The taxes were collected from more than $3.6 billion of medical and recreational cannabis sales since 2014.

Marijuana advocates are trumpeting a Colorado milestone: More than $500 million in revenue for the state since recreational cannabis sales started in 2014.

The medical and recreational cannabis tax revenue benchmark — achieved in May 2017 — was hailed Wednesday in a new report from VS Strategies, the new public affairs and lobbying firm affiliated with cannabis law firm Vicente Sederberg.

The report highlights publicly available marijuana tax data from the Colorado Department of Revenue as well as how some of those funds have been spent or allocated on both the state and local levels.

Read More at TheCannabist.co