Colorado’s successful experiment in marijuana legalization is bringing in millions of dollars of revenue per month while simultaneously benefiting schools and contributing to a drop in crime rates.
Colorado reached over $50 million dollars in recreational cannabis sales in June, breaking the state’s previous record, according to Ricardo Baca, a staff writer for Denver Post’s The Cannabist. In addition, medical sales reached $25 million.
Based on the state’s various taxes on marijuana sales, Baca reports that the state has earned over $60 million dollars in marijuana tax revenue so far this year.
