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Colorado pot tax revenue is expected to stay flat

The state of Colorados revenue from the sale of marijuana is predicted to stay relatively flat over the next three years after shooting up between fiscal 2013-2014 and fiscal 2014-2015, according to a report released Tuesday.

The Economic and Revenue Forecast, assembled by the Colorado Legislative Council Staff, shows that preliminary tax revenue from the marijuana industry for fiscal 2013-2014, which ended June 30, was $30 million. Sales of recreational marijuana became legal halfway through the fiscal year on Jan. 1.

The first full year of recreational sales, fiscal 2014-2015, is predicted to bring in $47.7 million in tax revenue for the state.

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