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.

    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.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Why Jerusalem is not the capital of Israel

    Why Jerusalem is not the capital of Israel

    No country in the world recognises Jerusalem as Israel's capital.

    Strong quotes for Martin Luther King Jr Day

    Quotes from Martin Luther King Jr that resonate today

    Quotes of justice, education, religion and race said by MLK Jr.

    Africa is not poor, we are stealing its wealth

    Africa is not poor, we are stealing its wealth

    It's time to change the way we talk and think about Africa.