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Three reasons Colo. is missing pot tax projections

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Colorado is missing $21.5 million in pot taxes after originally predicting $33.5 million in new taxes in the first six months of 2014.

CNNMoney lists three reasons why they were off:

1. People are still buying off the black market.

2. More people are buying medical marijuana, which is taxed less.

3. Lawmakers were too optimistic in their revenue forecasts.

Read more from CNNMoney.

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