Canna Law Blog

At Canna Law, we can never get enough of the pot puns and jokes. Thursday evening’s Colbert Report was flush with them, as it featured several segments on marijuana. Colbert noted the Colorado (or, as he calls it, “Potsylvania”) Department of Revenue’s announcement this week that it took in more than $2 million in tax revenues in January on recreational pot sales. Forbes reported that the combined tax revenues from recreational and medical marijuana sales of $3.5 million is 1% of the total annual budgets for the states of Delaware, South Dakota, Montana, and West Virginia. In other words, serious coin.

In response to the news of these revenues, Colbert quipped: “The market has spoken, and the market is tokin’.”

‘Nuff said.

You can view the Report’s entire segments on tax revenue and ganjapreneurs here.

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The Canna Law Blog™ is a forum for discussion about the practical aspects of cannabis law and how it impacts those involved in this growing industry. We will provide insight into how canna businesspeople can use the law to their advantage…

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Please be mindful that possessing, using, distributing and selling marijuana are all federal crimes and that this blog is not intended to give you any legal advice, much less lead you to believe that marijuana is legal under federal law.