Colorado finally knows how much tax revenue it collected from recreational marijuana in the first year of sales, and the haul was below estimates — about $44 million.
The year-end Colorado tax report was made public Tuesday. Colorado is the first government anywhere in the world to regulate marijuana production and sale, so other governments are watching closely.
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Colorado's total haul from marijuana for 2014 was about $76 million. That includes fees on the industry, plus pre-existing sales taxes on medical marijuana products. The $44 million represents only new taxes on recreational pot.
Those new taxes were estimated to bring in about $70 million. Budget writers say the tax report shows marijuana isn't having a major effect on a multibillion state budget.
Colorado pot tax data: http://1.usa.gov/1syhgui