Colorado’s legal cannabis businesses brought in $45 million in sales and $3.5 million in tax and fee revenue for the state during the historic first month of legal retail sales, according to the Colorado Department of Revenue.

The figures, announced on March 10 by state officials, show that Colorado’s dispensaries brought in approximately $14 million in adult-use cannabis sales, and approximately $31 million in medical cannabis sales. Adult-use cannabis taxes and fees for January added $2.1 million to Colorado’s state coffers. Medical cannabis taxes and fees contributed another $1.4 million.

In a statement to the press, NCIA executive director Aaron Smith applauded the news. “Colorado’s cannabis business community is proud to support important state programs like school construction through this new tax revenue. The month of January showed the world that taking marijuana off the streets and putting it behind a taxed, regulated counter can be done professionally, productively, and prosperously. Now it’s time for Congress to reconcile outdated federal laws with those of states like Colorado that have decided to opt out of the failed experiment of marijuana prohibition.”

Cannabis a multi-million-dollar tax windfall for Colorado – CBS News