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Pot Tax Fails To Be A Windfall For Colorado

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Pot Tax Fails To Be A Windfall For Colorado

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Pot Tax Fails To Be A Windfall For Colorado

Pot Tax Fails To Be A Windfall For Colorado

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Colorado's governor expected to take in $100 million. In the fiscal year that just ended, the marijuana tax brought in $12 million. Many smokers buy medical marijuana which is taxed at a lower rate.

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.

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