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looks like the marijuana business is booming in colorado. the pot business is generating tens of millions of dollars, not just for sellers but for the colorado tax man as well. anna cabrera has the story. reporter: hi, fred. remember, it s been about six weeks since recreational pot sales started here in colorado, and to say business is going strong is an understatement. new tax revenue projections released by the state of colorado beat expectations by tense of millions of dollars. leaders here at the state capitol get to decide how to spend that money. high hopes for a colorado green rush being realized. business at evergreen apothecary, previously just a medical marijuana dispensary has more than quadrupled. more than a month after recreational pot sales became legal, people are still lining unat the door to get their hands on this stuff. this place packed at 10:00 when doors opened. in fact, this pot shop averages
anna, just learning how much money colorado expects to bring in from the legal recreational sale of marijuana. we re talking lots of money, christine. about six weeks since it became legal to sell it for recreational use here in colorado. to say business is going strong is and understatement. the state released new tax revenue projections for selling marijuana and it beat expectations by tens of millions of dollars. now leaders here at the state capitol get to decide how to spend it. reporter: high hopes for a colorado green rusher being realize. exceeded all my expectations. reporter: business here previously just a medical marijuana dispensary more than quad quadrupled. people are lining up at the door get their hands on this stuff. packed at 10:00 when doors opened pd in fact, this pot shop
Transcripts for CNN The Situation Room 20140221 22:49:30 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
the state of colorado is not only high son products, talking about nearly $190 million in tax revenue. colorado has an aggressive tax on weed, subject to the 2.9% sales tax. an additional 10% sales tax. and 15% excise tax for retailers. this week, first revenue projections are in. other states are taking notice. cnn s ana cabrera has the numbers, she s in denver. good morning. reporter: good morning, carol. remember, it has been about six weeks since pot became legal to sell for recreational use in colorado. to say business is going strong is an understatement. the new tax revenue projections from the state beat expectations