Wednesday, January 1, 2014

Marijuana Sales Become Legal in Colorado

On Wednesday, at 08:00 MST, Colorado became the first place in the world where marijuana is legally sold.

Colorado's laws allow for residents to purchase up to one ounce at a time.

Out of state residents are limited to a quarter of an ounce.

Marijuana sales are taxed an extra twenty-five percent, above sales tax, which is being used to add to Colorado's income.

A large portion of the money is being aimed to fund the state's schools.

While it is now legal to buy weed, it is still illegal to possess more than an ounce.

It is also still illegal on the federal level, but the US government has not yet moved to counteract Colorado's law.

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