Colorado, Washington have collected a combined $200 million in taxes from legal weed sales
collected in taxes from states with legal weed
A year and a half after Colorado became the first state (quickly followed by Washington) to sell pot legally for recreational use, the experiment has paid off. Recent data from the Colorado Department of Revenue showed that the state had made $117 million in taxes on recreational pot. In the year since Washington legalized weed, that state has raked in about $83 million.
These numbers get even more impressive more when you take into account sales taxes, fees and licensing costs and other expenditures of the industry.
Colorado has used this revenue to fund the many costs of legalization, including building a regulatory infrastructure.