Colorado has slow start with marijuana tax revenue
Posted: Apr 14, 2014 11:28 PM EST | Updated: Nov 5, 2014 11:22 PM EST
Officials are finding out that marijuana may not be as profitable as first thought.
It has been three-months since pot was legalized in Colorado and experts are saying the state may not raise as much in taxes as it hoped.
More than $3-million was raised in January and February from special sales taxes on recreational marijuana.
A slow start to get the $23-million the state was expecting by July.
Fewer people switched from buying medical marijuana to buying recreational marijuana than first expected.
