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In Colorado, tax revenue from recreational pot lower than expected

In Colorado, tax revenue from recreational pot lower than expected

Colorado's lower taxes on medicinal marijuana are hindering projected tax revenue from recreational pot sales, according to a recent study released by the state's Department of Revenue.  Prior to recreational sales becoming legal in January, voters last fall overwhelmingly passed a measure placing special excise and sales taxes on recreational marijuana. The fiscal analysis appended to the ballot measure predicted the state would rake in about $33 million in taxes in the first six months of 2014.    But according to the Department of Revenue study, the state brought in about $12 million in tax revenue from recreational pot sales through June. The report,...

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