Detailed text transcripts for TV channel - MSNBC - 20140104:17:54:00
Sales tax. are there estimates on how much money that's expected to bring in this year? a third of which is going to education interestingly. >> well, there are actually two taxes on marijuana from the state level here in colorado. one of which is a whole sale tax paid by the grower before it ends up on the store shelf. the first $40 million is earmarked for school construction. however, the initial predictions on that are it's not going to hit $40 million because the wholesale price is very low. as for the sales tax, that's expected to generate quite a bit more. the department of revenue is n...