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Colorado recreational pot sales dip for 1st time

Colorado sold less recreational pot in May than in April, the first month-to-month sales decline for the newly legal drug.

DENVER (AP) — Colorado sold less recreational pot in May than in April, the first month-to-month sales decline for the newly legal drug.

Tax collections reported by the Colorado Department of Revenue this week showed that Colorado sold about $21 million of recreational pot in May. That was down slightly from April, when the 4/20 marijuana holiday was credited in part for a boost in recreational sales to $22 million.

Despite the lower sales numbers, Colorado's pot tax haul increased in May because of an excise tax that is being phased in. Collections of that tax rose from $734,000 in April to $1.1 million in May.

Including licensing fees and medical marijuana taxes, Colorado collected about $5.7 million from marijuana in May.

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Online:

Marijuana tax report: http://1.usa.gov/1tpons8

 

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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