When pot was legalized in Colorado, supporters claimed the new law would add millions in tax dollars to the state coffers. Now many Coloradans are wondering where all that money is going.
News 9 in Denver decided to investigate. The truth is, marijuana is heavily taxed. And that money adds up.
In the fiscal year that ended in June 2015, recreational pot brought in a total of $129 million in state tax dollars. That’s nothing to sneeze at. It definitely helps.