Source: John Foxx / Getty
According to the stats by the Department of Revenue on Colorado.gov, the excise tax is 15% on retail marijuana and reportedly goes towards their public schools, including their construction fees. With this report it looks like the excise taxes being put on herb in Colorado are serving as quite a benefit to state’s schools, at it pulls in $2.3 million. They collected a total of $2,332,843 in January 2015 alone.
By, Lindsey India, Blackamericaweb.com
