TAYO: Colorado Cannabis Tax Revenue is Booming
07 April 2015 - 7:00PM
Business Wire
As Taylor Consulting, Inc. (OTCBB: TAYO) continues to review its
list of potential commercial real estate acquisitions in Colorado,
the state announced it has collected over $60 million in tax
revenue from cannabis.
Cannabis is now entering its second year as a legal,
recreational adult-use plant in the state. $40 million of the
collected tax revenue has gone toward school construction and
repairs. Other revenue has gone toward paying inspector salaries
and the miscellaneous costs of running offices dedicated to
regulating the plant’s use in the state.
The huge amount of tax revenue coming into Colorado is proof of
the sector’s historic growth as TAYO continues taking steps toward
securing commercial properties in the Denver area.
“Adult-use cannabis is making a huge economic impact in the
state, and that’s exciting for us,” said TAYO CEO Scott Wheeler.
“We’ve narrowed our list of potential commercial properties and
will continue talks with realtors knowledgeable in both the market
and the latest news in the state’s booming cannabis industry to
determine the best commercial property to add to our evolving
portfolio.”
TAYO is establishing itself as a forerunner in the commercial
property market for states with pending adult-use cannabis
legislation. Along with potential properties in Colorado, the
Company is looking at potential properties in Nevada, where
recreational adult-use cannabis is on the state’s ballot for 2016.
The Company is also planning to scout New York, Vermont, and other
states where adult-use cannabis legislation is a possibility.
For more information,
visit www.ThirdAvenueDevelopment.com.
About Taylor Consulting, Inc.
Taylor Consulting, Inc. (TAYO) recently created Third Avenue
Development, LLC as a new division whose primary goal is to invest
in promising real estate assets to compete alongside American Homes
4 Rent (NYSE: AMH), Silver Bay Realty Trust Corp. (NYSE: SBY),
Equity Residential (NYSE: EQR), Essex Property Trust Inc. (NYSE:
ESS) and others.
Third Avenue Development, a premier hybrid real estate and
development, is building an emerging portfolio of real estate
assets for investment, rehabilitation and resale. The company is
focused on acquiring properties in the country’s top-performing
housing markets in order to capitalize on the continued recovery
and growth of the U.S. real estate marketplace. For more
information, visit www.ThirdAvenueDevelopment.com.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the
words “believes,” “expects,” “anticipates” or similar expressions.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the company to differ materially
from those expressed or implied by such forward-looking statements.
In addition, description of anyone’s past success, either financial
or strategic, is no guarantee of future success. This news release
speaks as of the date first set forth above and the company assumes
no responsibility to update the information included herein for
events occurring after the date hereof.
Taylor Consulting, Inc.Scott Wheeler, 713-840-6099President and
CEOinfo@tadcorp.com
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