"Gov. John Hickenlooper, who opposed marijuana legalization, is bullish about the revenue the legal cannabis industry will bring in for the state, according to a new budget proposal Hickenlooper submitted Wednesday.
In the proposal, Hickenlooper's budget office says it expects the recreational and medical marijuana industries will pump nearly $134 million in tax and fee revenue into state coffers in the fiscal year beginning in July. Extrapolating from those figures, the proposal estimates sales in all marijuana stores to approach $1 billion for that fiscal year. Recreational pot shop sales are estimated to account for more than $600 million of that — a more than 50 percent increase over a previous projection."
Read the rest of the story here: Hickenlooper expects marijuana tax money to exceed prior expectations - The Denver Post http://www.denverpost.com/news/ci_25185649/hickenlooper-expects-marijuana-tax-money-exceed-prior-expectations#ixzz2tym0lg00
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