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CNN CNN Newsroom February 22, 2014 19:59:00

about 500 customers a day. and the state of colorado is reaping the benefits as well. sales and excise taxes on recreational cannabis are over 25%. total, $147.77. reporter: marijuana dispensaries were required to turn in january tax reports on thursday. we paid about $190,000 in sales tax that we collected during the month of january. reporter: while official numbers won t be made public until march, the governor s budget office just released its own tax projections. it estimates the state will collect about $184 million in tax revenues in the first 18 months of recreational pot sales. colorado s plan for spending that money $40 million automatically goes to public school construction, mandated by voters. then the governor wants to spend about $85 million on youth prevention and substance abuse treatment. $12.4 million on public health. abouts 3ds million on law

CNN Your Money February 22, 2014 19:15:00

averages about 500 customers a day, and the state of colorado is reaping the benefits as well. sales and excise taxes, over 25%. total, $147.77. reporter: marijuana dispensaries were required to turn in january tax reports on thursday. we paid about $190,000 in sales tax that we collected during the month of january. reporter: while official numbers won t be made public until march, the governor s budget office just released its own tax projections. it estimates the state will collect about $184 million in tax revenues in the first 18 months of recreational pot sales. here s colorado s plan for spending that money. $40 million automatically goes to public school construction. that was mandated by voters. then the governor wants to spend about $85 million on youth prevention and substance abuse treatment. $12.4 million on public health. about $3 million on law enforcement and public safety and nearly $2 million on

CNN The Situation Room February 21, 2014 22:50:00

get to decide what to do with that. high hopes for a colorado greed rush are being realized. just exceeded all my expectations. reporter: business at the apothecary has more than quad rupe would more than a month after recreational pot sales became legal. people are still lining up at the door to get their hands on the stuff. this place packed when the doors pope this pot shop averages 500 customers a day. and the state of colorado is reaping the benefits as well. sales and excise taxes on recreational cannabis are over 25%. your total will be 147.77. reporter: marijuana dispensaries were required to turn in january tax reports on thursday. we paid about $190,000 in sales tax that we collected during the month of january. reporter: while official numbers won t be made public until march the governor s budget office has just released

CNN Legal View With Ashleigh Banfield February 21, 2014 17:15:00

evergreen apothecary, previously a medical marijuana dispensary, has more than quadrupled. more than a month after recreational pot sales became legal, people are still lining up at the door to get their hands on this stuff. the place packed at 10:00 when the doors open. in fact, this pot shop averages 500 customers a day. and the state of colorado is reaping the benefits, as well. sales in excise taxes on recreational cannabis are over 25%. your total $147.77. reporter: marijuana dispensaries are prior to to turn in january tax reports on thursday. we paid about $190,000 in sales tax that we collected during the month of january. reporter: while official numbers won t be made public until march, the governor s budget office just released its own tax projections. it estimates the state will collect about $184 million in tax revenues in the first 18 months of recreational pot sales. here s colorado s plan for spending that money.

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