Legalization of recreational marijuana use in Colorado and Washington has both states seeing green — in more ways than one.
The two states together have raked in at least $200 million in excise taxes since their respective legalizations according to tax data, the Huffington Post reported on Wednesday. The figures show that as of January 2014, Colorado has collected upwards of $117 million, according to its Department of Revenue, while Washington, which only began selling legal weed in July 2014, was right behind with $87 million.
In both states, the additional revenue from marijuana has been funneled back into the industry and used to offset costs associated with legalization.
"Our philosophy has been that marijuana pays its own way," J. Skyler McKinley, deputy director of Colorado Gov. Read More





































































































































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