Colorado Marijuana Sales Could Reach $1 Billion

03:36

February 21, 2014

The official figures won't be released until next month, but in Colorado, revenue from the first collection of taxes on recreational marijuana is by all accounts a bonanza.

Governor John Hickenlooper's budget proposal for next fiscal year estimates that the state's recreational and medical marijuana industry could reach $1 billion in sales — and bring in about $134 million in taxes.

Ben Markus of Colorado Public Radio joins Here & Now's Jeremy Hobson with details.

Related: Marijuana Legalization Raises Fears Of Drug Cartels

Guest

Ben Markus, reporter for Colorado Public Radio, a Here & Now contributor station. He tweets @CPRMarkus.

This segment aired on February 21, 2014.