Colorado pot sales up slightly in 2nd month; state nets $4.1M from marijuana taxes in February

DENVER - Sales of recreational marijuana rose slightly in Colorado in the second month of retail sales.

But the new estimates released Tuesday has left lawmakers cautious on spending the pot tax money just yet.

An estimate from Colorado Department of Revenue showed that Colorado made some $4.1 million from medical and recreational pot taxes and fees in February. That's up from about $3.5 million in January, when retail sales began.

But much of the increase came from fees collected from medical marijuana businesses, not additional sales.

The Colorado Legislature is poised to treat marijuana tax proceeds like gambling taxes. State lawmakers said Tuesday that they'll likely delay spending most of the pot taxes for a year because the new marijuana industry is so uncertain.

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