According to the latest figures from the Colorado Department of Revenue, the state collected over $4 million in marijuana taxes and roughly another one million in related fees in March.
Since recreational marijuana faces special excise taxes roughly three quarters of the tax revenue comes from recreational marijuana while about one quarter comes from taxes on medical marijuana, even though more medical marijuana was sold last month.
It is likely that marijuana tax revenue will continue to increase over the next several months and years as the recreational system ramps up.
This tax revenue is helping to improve the budgets of local governments and fund education in Colorado.
Jon Walker is the author of After Legalization: Understanding the future of marijuana policy
Photo by mateoutah under Creative Commons license