VIDEO: Not As Many People Buying Recreational Pot As PredictedSubmitted by emalvini on Wed, 04/09/2014 - 23:16
VIDEO: Not As Many People Buying Recreational Pot As Predicted
April 8, 2014 5:56 PM
DENVER, Colo. (CBS4) – Sales tax revenue on recreational marijuana in Colorado is down compared to early projections.
Total tax revenue on recreational pot is 13 percent below state estimates which means Colorado is bringing in nearly a half a million dollars less.
“We’re not seeing number of individuals using recreational marijuana that everybody originally thought we would. So because of that it’s very difficult to budget as to how do we spend dollars we don’t know whether we will or won’t,” said State Rep. Geri Gerou.