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