Medical marijuana may generate up to $150K in taxes

weedThe state Department of Revenue Services, in response to the Blogster, indicated this morning that tax revenue from the sale of medical marijuana and related products totaled $97,000 in the two quarters ending in December. Extrapolating those figures indicates that the first quarter of 2015 should put the revenue close to $150,000. Figures from the quarter ending March 31, are not due April 30th. But for those who think palliative marijuana can ease the state’s budget woes as well as stimulate the appetites of chemo patients, please note that as of April 1, 2015, the medical marijuana sold by the state’s six licensed dispensaries is no longer subject to the tax. There are about 3,600 registered patients and 170 doctors participating.