Denver officials talking about how to spent marijuana tax revenue

DENVER - Denver officials are talking about how to spend marijuana taxes Wednesday.

Colorado collected $3.5 million in marijuana taxes and fees during the first month after it was legalized, according to a report by the state.

Denver Mayor Michael Hancock has proposed spending $3.35 million in marijuana tax revenues on business regulation and public safety.

The mayor's plan includes about $746,000 on youth and public education about marijuana. That would include Denver's "Know The Law" campaign on responsible pot use.

Denver voters in November approved a 3.5 percent sales tax on retail marijuana sales. That's in addition to state taxes of 17.9 percent on recreational pot.

Colorado recreational pot industry is largely concentrated in Denver.

The City Council's Government and Finance Committee is slated to discuss pot spending at its Wednesday morning meeting.

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