Legal Pot Rakes It In for States

State economies are getting high off marijuana's legalization. Washington state's Economic and Revenue Forecast Council predicts recreational pot will bring $190 million. Gov. John Hickenlooper of Colorado said sales and excise taxes are expected to bring in $98 million in the next fiscal year, well exceeding expectations of $70 million. "Voters and state lawmakers around the country are watching how this system unfolds in Colorado, and the prospect of generating significant revenue while eliminating the underground marijuana market is increasingly appealing," said Matt Tvert, a legalization activist.