
Feb 26, 2014: "A recreational marijuana store located in southern Colorado became the first business of its kind in the state to announce the tax totals from the new industry that pot advocates say will be a boon for state education and struggling local economies. Finance officials in Pueblo County, the tenth most populated county in Colorado, announced that the two marijuana shops there have earned approximately $1 million in sales in January. That sum has produced approximately $56,000 in local sales taxes. Along with the sales tax figure, officials told the Pueblo Chieftain that the county also collected $70,400 in licensing and renewal fees in January alone. County Commissioner Liane McFayden said that $100,000 in the first month is far ahead of the $400,000 in revenue she predicted for the entire year. (SOURCE: RT: "We have to sell more weed!’: Colorado county issues first-ever marijuana tax figures")