{"id":5310,"date":"2014-03-11T10:08:34","date_gmt":"2014-03-11T10:08:34","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=5310"},"modified":"2014-03-11T19:14:50","modified_gmt":"2014-03-11T19:14:50","slug":"colorado-collects-2m-in-marijuana-taxes-in-january","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=5310","title":{"rendered":"Colorado collects $2m in marijuana taxes in January"},"content":{"rendered":"<p><a href=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/03\/73494880_marijuana.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-5312\" alt=\"_73494880_marijuana\" src=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/03\/73494880_marijuana-300x168.png\" width=\"300\" height=\"168\" srcset=\"https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/03\/73494880_marijuana-300x168.png 300w, https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/03\/73494880_marijuana.png 464w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>The US state of Colorado collected $2m (\u00a31.2m) in taxes from newly legalised recreational marijuana businesses in January.<\/p>\n<p>Colorado became the first US state to legalize the commercial sale of cannabis in 2012, and stores opened for business on 1 January 2014.<\/p>\n<p>In total, 59 marijuana firms filed tax returns on an estimated $14m in sales.<\/p>\n<p>Overall, the state collected a total of $3.5m in marijuana taxes if medical marijuana firms are included.<\/p>\n<p>Marijuana model?<\/p>\n<p>The money is earmarked for youth prevention services, substance abuse treatment, and public health, according to a plan proposed by Colorado Governor, John Hickenlooper.<\/p>\n<p>Many other US states are closely watching Colorado&#8217;s figures.<\/p>\n<p>Washington state is set to introduce legal sales later this year.<\/p>\n<p>Most of Colorado&#8217;s tax revenues came from firms around the city of Denver.<\/p>\n<p>Recently, US President Barack Obama said marijuana was no more dangerous than alcohol, while cautioning both were bad decisions.<\/p>\n<p>Nonetheless, he has instructed the Department of Justice to halt prosecutions of banks that do business with cannabis firms.<\/p>\n<p>Currently, 20 US states, as well as Washington, DC, allow for the sale of medical marijuana.<\/p>\n<p>&nbsp;<\/p>\n<p>Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US state of Colorado collected $2m (\u00a31.2m) in taxes from newly legalised recreational marijuana businesses in January. Colorado became the first US state to legalize the commercial sale of cannabis in 2012, and stores opened for business on 1 January 2014. In total, 59 marijuana firms filed tax returns on an estimated $14m in [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":5312,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[14],"class_list":["post-5310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-papa-owusu-ankomah"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/5310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5310"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/5310\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/5312"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}