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Colorado collects $3.5 million in 1st month of marijuana taxes

Colorado collected $2.1 million in recreational marijuana taxes in January, the state Department of Revenue reported. These are the first tax figures for the first U.S. state to legalize retail marijuana.

Officials also reported the state brought in $1.4 million from medical marijuana.

Colorado legalized pot in 2012. In November, voters enacted the 15 percent excise tax and a 10 percent special sales tax on the drug, which is charged on top of ordinary sales tax.

KUSA

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