Colorado collects £1.2m in taxes on cannabis
The state collected more than $2m in recreational marijuana sales
Colorado collected almost two million dollars (£1.2 million) in taxes on cannabis in January, the first month where retail sales of the newly legalised drugs were allowed.
The figures indicate that the 59 firms selling the drug made about $14m (£8.4m) in gross sales that month.
Colorado became the first country to legalise cannabis in 2012, but commercial sale did not begin until 1 January 2014.
If medical marijuana stores are included, the state collected $3.5 million (£2.1 million) in taxes, intensifying the debate on how Colorado should spend the money.
In comparison, Colorado made about $2.7 million (£1.6 million) in alcohol excise taxes in January last year.
Last week, Washington DC voted by an overwhelming majority to decriminalise the possession of marijuana and smoking it at home.
Read more: Colorado officials replace '420' mile marker with 419.99
Washington to legalise possession of cannabis and smoking in own home
US government issues 'cannabis cash' guidelines to banks
Governor John Hickenlooper has sent the legislature a detailed $134 million (£80 million) proposal for recreational and medical marijuana money, including new spending on anti-drug messaging to children and more advertising to discourage driving while high on the drug.
Recently, the US President Barack Obama described cannabis use as "not very different from cigarettes” and no more dangerous than alcohol, while admitting he smoked marijuana when he was younger.
He instructed the Department of Justice to stop prosecuting banks who accepted business from firms selling cannabis. Many shops had been unable to gain access to banking services and have been forced to operate on a cash-only basis, without access to financial services or credit.
Mr Obama’s comments came after New York announced it would join 20 other states, and Washington DC, in permitting the sale, possession and use of marijuana for medicinal purposes.
- 2 California man brutally beat 82-year-old Sikh grandfather he mistook for 'one of those people'
- 3 School kitchen manager 'fired from Colorado school for giving hungry students free lunches'
- 5 Charles Kennedy 'had better judgement drunk than many sober politicians' says Ian Hislop
California man brutally beat 82-year-old Sikh grandfather he mistook for 'one of those people'
Amber Peat: Body found in search for missing 13-year-old who left house after argument with her parents
School kitchen manager 'fired from Colorado school for giving hungry students free lunches'
Isis executes three gay men by dangling them from top of 100ft building and letting go
Alton Towers crash: Four guests seriously injured as Smiler ride carriages collide
Thousands of teenage girls enduring debilitating illnesses after routine school cancer vaccination
Migrants in Kos: Photos show real tragedy after Brits abroad complain of 'awkward' holidays
British tourists complain that impoverished boat migrants are making holidays 'awkward' in Kos
Michael Gove determined to scrap the Human Rights Act – even if Scotland retains it
Threat to scrap Human Rights Act could see UK follow Nazi example, warns UN official
Church of England 'one generation away from extinction' after dramatic loss of followers
£40000 - £47000 per annum: Recruitment Genius: A 3rd Line Virtualisation / Sto...
£26000 - £35000 per annum: Recruitment Genius: A successful national service f...
£15000 - £25000 per annum: Recruitment Genius: This is an opportunity to join ...
£17500 - £20000 per annum: Recruitment Genius: We currently require an experie...