New marijuana tax records from Colorado show June was the best-selling month yet for the state’s recreational pot experiment, with $24.7 million in total sales.
Colorado sold less recreational pot in May than in April, the first month-to-month sales decline for the newly legal drug.
The City Council’s Government and Finance Committee discussed pot spending at its Wednesday morning meeting.
Some marijuana activists in Colorado are suing over the collection of pot taxes.
Colorado’s marijuana market boomed in April as tens of thousands celebrated the 4/20 holiday.
Two Colorado education bills aimed at restoring school budgets hurt by years of budget cuts have been signed into law.
Colorado’s recreational pot sales jumped nearly a third in March. That’s according to sales tax reports issued by the state Thursday.
Colorado would save most of its marijuana tax money while spending about $23 million on school nurses and drug treatment and outreach under a plan approved Tuesday be legislative budget writers.
Colorado budget-writers are nearing a decision on how new marijuana taxes should be spent.
Colorado’s legal pot industry may be booming, but state lawmakers aren’t sure how to spend the windfall.