Colorado is going to make bank for all that legal pot they’re selling
- yeah! According to new statistics, the state of Colorado is likely to make major bank from the sale of marijuana. Based on the first budget report on the issue, the state will likely make $184 million in tax revenue from pot alone over the next 18 months, and the industry itself is projected to earn $610 million in revenue in that period.
- but … Don’t get too excited, Colorado Gov. John Hickenlooper said on Friday during a meeting with governors from other states. “When governors have asked me, and several have, I say that we don’t have the facts,” Hickenlooper explained. “We don’t know what the unintended consequences are going to be and we’re going to regulate it every way we can. What I do is urge caution.”