[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
Weaving and handicrafts are being re-taught to a younger generation of Iraqi Kurds, but not without challenges.
The author argues that in the new economy, it's people, not skills or majors, that have lost value.
Colleagues of detained Al Jazeera journalists press demands for their release, 100 days after their arrest in Egypt.
Mehdi Hasan discusses online freedoms and the potential of the web with Wikipedia founder Jimmy Wales.
Featured
As nuclear age approaches eighth decade, visitors flock to historic bomb craters at New Mexico test sites.
Venezuela's president lacks the charisma and cult of personality maintained by the late Hugo Chavez.
Despite the Geneva deal, anti-government protesters in Ukraine's eastern regions don't intend to leave any time soon.
Since independence, Zimbabwe has faced food shortages, hyperinflation - and several political crises.
After a sit-in protest at Poland's parliament, lawmakers are set to raise government aid to carers of disabled youth.
join our mailing list