Marijuana not the cash crop Colorado had hoped

Updated: Tuesday, September 2, 2014

COLORADO (NEWSCHANNEL 3) - In Colorado marijuana isn't bringing in as much tax money as officials had hoped for.

When voters approved legal marijuana, they were told the state would pull in $33.5 million in new taxes in the first six months, but now, they appear to be coming up more than $21 million short.

Experts say the problem is that it's cheaper to buy pot on the street where you don't pay taxes or fees.

U.S. | World News

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