Marijuana taxes exceed expectations
Nearly a $1 million on average-- that's how much the state collected in marijuana taxes for the fiscal year that ended June 30.
June was the highest month ever, bringing in more than $1.2 million.
It was $11 million total for the 2018 fiscal year, which is higher than was forecast. In the previous fiscal, year the state collected about $1.7 million.
The Dept. of Revenue is forecasting $18 million for next year.
According to the department, the state collected the most revenue from marijuana taxes in June at more than $1.2 million. The department expects July to break that record.
Kelly Mazzei, the department's excise tax supervisor, says tax revenue has been increasing steadily each month.
Half of the revenue from marijuana taxes is directed into the Recidivism Reduction Fund, which pays for programs aimed at reducing relapses into criminal behavior.
Copyright 2018 KTVA. All rights reserved. The Associated Press contributed to this report.