March 11, 2014 12:35 PM

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Colorado collects $2 mn in taxes from recreational marijuana businesses in Jan

The US state of Colorado collected 2 million dollars in taxes from newly legalized recreational marijuana businesses in January. Colorado became the first US state to legalize the commercial sale of cannabis in 2012, and stores opened for business on First January 2014. In total, 59 marijuana firms filed tax returns on an estimated 14 million Dollars in sales. Overall, the state collected a total of 3.5 million dollars in marijuana taxes if medical marijuana firms are included.

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