Weed in Seattle: Legal But Not Cheap

Bummer: Colorado Pot Sales Less Than Expected


Amid all the articles pimping the successful $2 million tax heist in Colorado, what’s often not mentioned is that this is less than the newly-minted state pot dealers claimed they’d pull in. Breitbart.com‘s William Bigelow offers this unwelcome measure of sobriety:

The bullish predictions about the revenue Colorado would accumulate from sales of recreational marijuana may have been quite premature. In February, Governor John Hickenlooper’s budget office estimated that recreational pot shop sales added to medicinal marijuana sales would approach $1 billion in the fiscal year beginning in July; the budget office suggested $134 million in tax and fee revenues entering state coffers.

But in January of 2014, Colorado only brought in $2 million from recreational pot shop sales, far short of what would lead to a successful prognosis from Hickenlooper’s budget office.

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