Colorado’s marijuana business is officially a $1 billion industry.
According to tax data from the Colorado Department of Revenue, the Centennial State’s marijuana dispensaries sold $1.3 billion worth of medical and recreational pot in 2016.
That’s up from $996 million in 2015 and $699 million in 2014 – the first year recreational marijuana was legal.
The Associated Press reports pot gave the state close to $200 million in tax and fees revenue in 2016.
We have an explainer about where all that tax money goes here: http://on9news.tv/2bju1Ya