Colorado Governor Says Medical Marihuana Fees Helping Budget Deficit

[Michael Komorn]

Colorado gov says pot fees helping budget deficit

(AP) – 14 hours ago

DENVER — 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.

Copyright © 2010 The Associated Press. All rights reserved.

 

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[DT61]

At least he is willing to admit it, perhaps it will cause others to think the revenue stream they can generate.