More than $8.4 million has flowed into Boulder County communities thanks to tax revenue generated by the sale of marijuana since legal sales began two-and-a-half years ago.
And though the money has been welcome, it has not been the cash cow thousands of Coloradans had expected.
In Boulder, which has the most dispensaries of any city in the county at 11, the tax has generated more than $6.4 million since it began flowing statewide in 2014, according to the Colorado Department of Revenue and the city’s own revenue figures. That amounts to about 1.75 percent of the city’s overall $367.2 million budget for 2015. Most of the cash goes into the city’s general fund.
The picture is much the same for Boulder County, which has seven dispensaries in unincorporated areas. The county has received $1.83 million in tax revenue. That represents less than 1 percent of the county’s overall annual $426.6 million budget, and goes directly into the county’s general fund.
This post was originally published at this location