According to a recent article by Forbes, Colorado pulled in $2 million in taxes related to the sale of recreational marijuana in January 2014 alone. Combined with taxes on sales from medicinal marijuana, the state pulled in nearly $3.5 million in pot-related tax revenue.
If that trend continues, the state will see more than $40 million in additional tax dollars in 2014. To put that in perspective, that’s approximately 1% of the total annual budgets for Delaware, South Dakota, Montana or West Virginia.
There are a couple of layers of tax in place on the sale of marijuana. To begin with, there’s a 10% state sales tax imposed on retail marijuana and marijuana products on top of 2.9% in existing state sales tax (this is in addition to any local sales tax).
In some cases, a country's government completely controls the distribution of marijuana, barring any individuals from cultivating the drug. In other countries the citizens can grow it, smoke it, and sell it! See the attached list for which countries have a more liberal approach to the drug. While others still handout harsh sentences.
The series of 5 lists examines the marijuana laws of 92 countries, accompanied by spectacular pictorials.
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"Marijuana Movement: A look at marijuana laws worldwide"
Part one, March, 30th.
Part two, April, 6th.
Part three, April, 13th.
Part four, April, 20th.
Part five, April, 27th.