Colorado Springs gets a tenfold increase in sales tax revenues from mmj.

[rightwinger]

Sales of medical marijuana and marijuana-laced products in Colorado Springs â?? which topped $1.6 million in April alone â?? are generating tens of thousands of dollars in revenue for the city.

From January 2009 through April, Colorado Springs has seen a tenfold increase in monthly sales tax revenue from medical marijuana, from $4,000 to $40,000.

Last year, the city collected $111,000 total from the sale of marijuana and marijuana-infused products, such as brownies, lotions and teas.

In the first four months of this year, the city has collected $123,000, more than all of last year, when the industry started to take off.

Although sales tax revenue from medical marijuana is growing fast â?? faster than any other sector of business in 2010 â?? itâ??s still less than 1 percent of all sales taxes collected by the city, which budgeted nearly $106 million in sales tax revenue for 2010.

Some city officials and industry supporters say medical marijuana is having a ripple effect on the economy, indirectly putting even more money in city coffers.

â??The medical marijuana industry may be accounting for more sales tax revenue increases than is simply reflected in the amount of sales tax collected on the sale of marijuana,â?� Councilman Tom Gallagher said Monday. â??Thereâ??s a lot of electricians and carpenters and plumbers that are being employed.â?�

Medical marijuana tax collections taking off | marijuana, medical, products - Public Affairs - Colorado Springs Gazette, CO

Denver announced even huge numbers too.

Pot shops boosting city tax collections - The Denver Post


Now--let's just hope that bill 1284 doesn't "regulate" and "license fee" these business's out of business.

rightwinger Reviewed by rightwinger on 06-25-2010. Colorado Springs gets a tenfold increase in sales tax revenues from mmj. Sales of medical marijuana and marijuana-laced products in Colorado Springs â?? which topped $1.6 million in April alone â?? are generating tens of thousands of dollars in revenue for the city. From January 2009 through April, Colorado Springs has seen a tenfold increase in monthly sales tax revenue from medical marijuana, from $4,000 to $40,000. Last year, the city collected $111,000 total from the sale of marijuana and marijuana-infused products, such as brownies, lotions and teas. Rating: 5

[canaguy27]

1284 is pushing it underground. glad to see positive news for once.