Condensation. Condensation is the phase change of water vapor into a liquid. During the condensation process, water molecules lose the 600 cal/gm of latent heat that were added during the evaporation process. When latent heat is released it is converted into sensible heat which warms the surrounding air.
Total marijuana tax revenues are now expected to climb to $94 million annually by 2016, according to the latest projections. This would equate to a $1 billion dollar retail market. The revenue figures are high enough that Colorado now finds itself in the enviable situation of having to figure out what to do with all that money.
On the stateâs one-day tax holiday, shoppers saved about $20 an ounce on Wednesday, but distributors saved roughly $300 a pound, with one grower telling ABC he âprobably saved $45,000 before lunch.â. Colorado netted about $69 million from marijuana taxes in the fiscal year that ended June 30. That figure included about $43 million from a 10% sales tax on retail sales and about $26 million from a 15% tax on wholesale sales.