Colorado getting a high from pot tax revenue

|By:, SA News Editor

Colorado is off to a fast start collecting tax revenue from the sale of medicinal and recreational marijuana. According to Forbes, the state's January take was $1.5M for the former and $2M for the latter. The bulk of sales happen in Denver county.

The fully-burdened tax rate can be as high as 21.1% on pot consumers.

The state also charges a 15% "retail marijuana excise tax" that is levied on the first sale or transfer from a cultivation facility.

The state now faces the political problem about how and where to spend the money.

Marijuana industry stocks such as (MDBX) (CBIS) (MJNA) (GRNH) continue to generate substantial investor interest and debate.