[url=http://www.vox.com/2014/4/14/5614180/colorados-marijuana-tax-revenue-is-up-and-its-great-for-schools]Source.[/url] [quote]Colorado has imposed some [url=http://taxfoundation.org/blog/colorado-begins-legal-marijuana-sales-collecting-marijuana-tax]hefty taxation[/url] on marijuana: special sales and excise taxes at a rate of 25 percent, plus 2.9 percent in state sales tax rate, plus local taxes. All of that taxation has reaped bigger than expected rewards in the form of revenues, as a new report from Moody's investor service notes, and those rewards are set to keep growing quickly. [b]As of January, Governor John Hickenlooper had estimated there would be $70 million in tax revenues during the first full year of legal pot. In February, he revised that guess upward, nearly doubling it to $134 million.[/b] That might sound like some drug-addled math, considering that Colorado had only $7.5 million in revenues during the two months combined. But according to Moody's, the first two months' worth of weed tax hauls "likely significantly understate long-term revenue potential." That's because the state's full pot economy hadn't even yet grown to its full potential. New retailers have continued to open, growing cultivation has boosted supply, and more licenses have been issued, meaning many more opportunities to sell bud.[/quote] $40 million of the revenue is going to go towards education, while the rest has yet to be allocated. The governor has suggested more funding for substance abuse treatment and law enforcement. While the outlook has gotten better, tax revenue from marijuana only makes up around 1.4% of the state's total. [url=http://www.vox.com/cards/marijuana-legalization/what-is-marijuana-legalization#E5378221]More info on legalization and its effects.[/url]