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It's tough to make these predictions, but the idea of this being a billion-dollar industry seems reasonable.

Mike Elliott, the executive director of the Marijuana Industry Group, on Colorado's surprising revenue from marijuana. The state expected to see about $395 million in annual marijuana sales, but the latest projections expect about $1 billion.

Mike Elliott, the executive director of the Marijuana Industry Group, on Colorado's surprising revenue from marijuana. The state expected to see about $395 million in annual marijuana sales, but the latest projections expect about $1 billion.  

Daniel Luzer is GOVERNING's news editor.