Tuesday, June 22, 2010

MMJ helps Denver rake in the dough

Posted By on Tue, Jun 22, 2010 at 11:30 AM

Cash.jpeg

Denver's 9NEWS is reporting that the city collected $1.02 million in sales tax revenue from medical marijuana businesses from December '09 to April '10, with $226,492 coming in March alone.

Ever since the Colorado Attorney General gave cities permission to start taxing medical marijuana late last year, cities across Colorado have seen an extra shot of cash infused into their ever-tightening budgets ...

The city is quick to point out that the figures still represent less than 1 percent of the total sales tax collected.

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