The October sales of medical marijuana and marijuana-infused products generated $69,651 in sales and use tax revenue, according to figures released today by the city’s Sales Tax Division.
The amount collected is about $4,300 less than last month but $14,746 more than last October.
The $73,941 in sales and use tax revenue collected by the city last month was a record high.
So far this year, the city has collected $580,533 in sales and use taxes from the sale of medical marijuana and marijuana-infused products, such as brownies, lotions and … well, the list goes on and on.
Well done tax collectors! Just goes to show you what some savvy city admin folks can do and are doing. There is most likely a drop in crime as well since you all have implemented this logical approach to cannabis.
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[...]Medical marijuana generates $69,651 in sales tax revenue in October – City Desk : Colorado Springs Gazette, CO[...]…
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[...]Medical marijuana generates $69,651 in sales tax revenue in October – City Desk : Colorado Springs Gazette, CO[...]…