Pot Tax Fails To Be A Windfall For Colorado
STEVE INSKEEP, HOST:
Good morning. I'm Steve Inskeep. The national economy has grown for years, but Colorado's pot economy is not doing well. The state recently legalized marijuana. The governor expected a $100 million tax windfall. But in the fiscal year just ended, the marijuana tax brought in just 12 million. Apparently many smokers buy medical marijuana, which is taxed at a lower rate. It's enough to make a frustrated tax collector wish he had some way to take the edge off. It's MORNING EDITION.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.