Tag: Recreational Marijuana
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Denver Archdiocese condemns marijuana in letter, industry leaders call it ‘disappointing’
The archdiocese of Denver released a pastoral letter Friday condemning the spreading use of recreational marijuana, expressing “concern for the salvation of souls.” A marijuana industry leader called the letter “disappointing” and “out of touch.” The letter, written by Archbishop Samuel J. Aquila, “highlights challenges of broad acceptance of recreational pot.” “I write to you…
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Denver recreational marijuana data sheds light on revenues versus cost of industry. What could be ahead for Colorado Springs?
As Colorado Springs voters weigh whether to legalize recreational marijuana sales, proponents are stressing the potential to collect millions in new city tax revenue and opponents have highlighted high costs it could drive for the city. Voters will consider two recreational marijuana questions in November. One that would only allow the existing 115 medical shops…
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Colorado’s March marijuana revenue highest of 2022, but still down from last year
Colorado saw an increase in its marijuana sales from February to March, but the figure is still lower than March 2021, causing concern for some in the industry. The marijuana industry brought in $162.5 million in revenue in March, $17.2 million, or about 12%, more than February. But this total is $44.6 million less than…
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Colorado shatters previous marijuana tax revenue record
Colorado collected more money through marijuana tax and revenue than ever before in 2021, shattering the previous record by nearly 10%, according to the Colorado Department of Revenue. During the year, the state collected over $423 million through medical and retail marijuana sales. This is over $36 million more than the previous record set in…