Legal pot brings nets Colorado $2m in taxes

A bag of marijuana being prepared for sale sits next to a money jar at BotanaCare in Northglenn, Colorado Credit: Reuters

Colorado made roughly $2 million (£1.2 million) in taxes on marijuana in January, state revenue officials reported in the world's first accounting of the recreational pot business.

Colorado legalised pot in 2012, but commercial sale did not begin until January. Washington state sales begin in coming months.

The tax total reported by the state Department of Revenue indicates $14.02 million (£8.4 million) of recreational pot was sold from 59 businesses. The state collected roughly $2.01 million in taxes.