Looks like legalizing pot leads to lots of green.
The first official estimate shows Colorado is on track to take in $98 million in tax revenue from marijuana sales, which is way higher than the initially predicted $70 million.
The $98 million includes the tax revenue from sales of both recreational marijuana, which is taxed at 12.9 percent and medical marijuana, which has a 2.9 percent tax.
Based on that expected revenue, Colorado Gov. John Hickenlooper has dedicated $99 million in the next fiscal year budget for marijuana and substance abuse prevention and treatment programs.