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Marijuana income tax revenues assist fix roads, teach the young kids, and battle homelessness

Marijuana income tax revenues assist fix roads, teach the young kids, and battle homelessness

Costs and fees from legal cannabis product sales in Colorado from January 2014 to Might 31, 2017, have actually added over fifty percent a billion bucks into the state coffers. This will be relating to VS techniques.

The report revealed that in the right period of time, their state received through the leisure cannabis market:

$141.06 million through the 15% excise taxes

$216.56 million from 10% unique product sales taxation

$62.08 million from the 2.9% product sales income tax

Also, there was a $39.76-million income originating from 2.9% sales taxon medical marijuana and $46.67 million from license and application chargesfor both the medical and adult markets.

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Moreover, product sales for the month that is entire of 2017 reached near to $128 million for both markets, based on the state’s Department of Revenue. Continue reading Marijuana income tax revenues assist fix roads, teach the young kids, and battle homelessness