[QODLink]
Americas

US state gets high return on cannabis sales

Colorado expects to rake in tens of millions of dollars in taxes in first return since the drug was made legal.

Last updated: 21 Feb 2014 17:42
Email Article
Print Article
Share article
Send Feedback

Cannabis producers in the US state of Colorado have paid taxes to state authorities.for the first time on Thursday.

Selling the drug became legal last month, and retailers are expected to contribute tens of millions of dollars in taxes a year.

But cannabis shops hired private security to get the money to state coffers - a federal law bans retailers opening bank accounts, meaning they pay their tax bills in cash.

Al Jazeera's Carol McKinley reports from Denver.

78

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
City
Featured on Al Jazeera
More than one-quarter of Gaza's population has been displaced, causing a humanitarian crisis.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Muslim charities claim discrimination after major UK banks began closing their accounts.
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Featured
An estimated 36 people die each day in embattled town where pro-Russia rebel separatists fight Ukrainian soldiers.
People are starving in southern Somalia while relief efforts are blocked by government and rebel fighting.
Some scientists say authorities in favour of nuclear energy tend to deny the negative results of researchers.
Report on child sex abuse in British Asian community highlights issues that may affect the entire nation.
Taliban makes quick gains in Afghanistan with little opposition from Afghan army as US withdrawal begins.
join our mailing list