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.
Some of that money was slated for schools, but it may go back into taxpayersâ pockets instead. The reason for the refund: Colorado is expected to collect more in total tax revenue than it thought it would this year. Thatâs not permitted in a year the state rolls out a new tax, which this time was the 28% pot tax. The pot tax itself didnât generate as much money as expected.