1. Seeing Green

    Colorado Made $3.5M From Pot

    A bag of marijuana being prepared for sale sits next to a money jar at BotanaCare in Northglenn, Colorado December 31, 2013. Proprietors of the first marijuana retailers licensed to sell pot for recreational use in Colorado, including BotanaCare, were busy rolling joints and stocking shelves with their leafy merchandise on Tuesday, ahead of a New Year's Day grand opening that marks a new chapter in America's drug culture.  REUTERS/Rick Wilking (UNITED STATES - Tags: BUSINESS SOCIETY POLITICS DRUGS) - RTX16YCJ

    Rick Wilking/Reuters

    The grass is greener in Colorado. According to figures released Monday by the Department of Revenue, the state collected more than $3.5 million in taxes and fees from marijuana sales in January, when it was legalized. More than $2 million came from recreational pot, the rest from medicinal marijuana. Fifty-nine businesses filed a tax return for recreational pot in January, but by mid-February Colorado had 163 retail stores. Voters had approved a 15 percent excise tax on producers and a 10 percent special sales tax on consumers. Gov. John Hickenlooper predicted that total pot sales would reach $610 million next fiscal year, and that revenue from taxes and fees would reach $98 million—above earlier estimates of $70 million.

    Read it at USA Today