Tags: US | Colorado | Budget

Colorado Gov. Says Pot Fees Helping Budget Deficit

Monday, 23 Aug 2010 06:51 PM

 

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Gov. Bill Ritter is using $9 million from medical marijuana registrations to help the state meet a $60 million fiscal emergency.

The state anticipates ending the year with 150,000 applicants for medical marijuana cards, up from 41,000 in 2009. A marijuana card costs $90 per year.

Backers of medical marijuana legislation in a number of states and cities have touted revenue from possible taxes and other fees as a selling point at a time of tight fiscal funding.

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