colorado: According to The State of Legal Marijuana Markets report, Canadians spent A2.28 billion on legal weed in 2018, with the Colorado Department of Revenue saying the state's regulated pot industry has generated more than A8.5 billion in sales since legal recreational marijuana sales began in 2014, according to Nine News Australia. Gorilla Pure Kush is just one of the many varieties of marijuana for sale at the Santa Ysabel Smoke Shop and Dispensary Media News Group via Getty Images Investment strategist Mark Bernberg said Australia was losing billions of dollars of potential tax revenue from legal marijuana, questioning why it's not being addressed on the election campaign. To improve your experience update it here News National Legal cannabis could earn 1b tax revenue and create 250,000 jobs By Matt Dunn Senior Producer3 40pm May 4, 2019 and marijuana is now recreationally legal in Canada and across 10 states in the US. And it appears allowing adults to legally purchase and consume cannabis is big business. It's a product very much like alcohol and gambling that's recession proof because it's a product of recreational consumption for adults, he told nine.au. To date, the state's marijuana taxes since recreational sales started have generated more than A1.3 billion in tax revenue. The said taxes from regulated marijuana sales in Colorado, which include licenses and fees from dispensaries, exceeded A380 million in 2018 up nearly 8 per cent compared to the year prior.
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