Since legalizing adult-use cannabis in 2014, Colorado has sold $6.5 billion worth of weed, with more than $1 billion of that haul going back to local and state government.

If you want to know what adult-use cannabis legalization could do for your state, look no further than Colorado. According to a new press release from the governor’s office, the Centennial State has now raked in more than a billion dollars from cannabis excise taxes.

First reported by Tom Angell at Forbes, Governor Jared Polis’ announcement said that in the five short years since Colorado legalized recreational pot sales, the state’s 2,917 licensed cannabis businesses have sold some $6.56 billion worth of legal weed, with more than $1.02 billion of that haul going back to the local and state government.

To read more, click on https://merryjane.com/news/colorado-surpasses-dollar1-billion-in-cannabis-tax-revenue