US state reaps millions in taxes from marijuana sales

3,027 views · Published 21 February 2014 · 2:30 · Indexed 31 October 2026

Channel: Al Jazeera English · 2014 · News & Politics

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Marijuana producers in the US state of Colorado paid taxes on Thursday for the first time to state authorities.  Selling the drug became legal last month with retailers expected to contribute up to $100 million dollars in revenue this year.  But shops are paying their entire tax bill in cash because federal laws won't let them have bank accounts.  Al Jazeera's Carol McKinley reports from Denver.

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