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Colorado Surpasses $1 Billion in Marijuana Tax Revenue

Colorado state department of revenue EAGLE – Local and state marijuana tax revenue is up, with statewide taxes topping $1 billion total in the five years since Colorado voters legalized marijuana. Pot.

The Colorado Department of Revenue shows the total sales for the first 9 months of 2016 at $974.3 million, according to The Denver Post. With three more months of sales to be added to this figure, 2016 will easily outdo 2015’s sales of $996.2 million as well as exceed $1 billion in marijuana sales.

 · Colorado Surpasses $1 Billion in Marijuana tax revenue colorado has generated more than $1 billion in marijuana tax and licensing fee revenue this year. That’s a 1,405% increase since 2014, when it collected $67 million in taxes and fees. 2014 is also the year the Colorado Department of Revenue began reporting tax collection data.

The Colorado Department of Revenue shows the total sales for the first 9 months of 2016 at $974.3 million, according to The Denver Post. With three more months of sales to be added to this figure, 2016 will easily outdo 2015’s sales of $996.2 million as well as exceed $1 billion in marijuana sales.

More. Colorado Pot Tax Revenue Exceeds 0m. recreational weed sales have generated more than a half billion dollars for Colorado since its legalization, according to a recent analysis. About 51 percent of the accumulated tax revenue has gone to K-12 education, with $117.9 million of it used to.

Marijuana sales tax collection since recreational sales began in 2014 in May surpassed $1 billion, Colorado officials said Wednesday. our economy by creating jobs and generating valuable revenue.

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COLORADO, USA – Colorado surpassed $1 billion in marijuana revenue since adult-use marijuana sales began in 2014, according to the Colorado Department of Revenue (CDOR)’s monthly report for marijuana.

Annual excise tax revenues on adult-use cannabis sales (.04 billion) rivaled those for all forms of alcohol $(1.16 billion), the group reported. State-specific sales taxes on retail cannabis purchases also yielded an addition $300 million in revenue in 2018. Authors of the report estimated that.

 · DENVER | Colorado has surpassed $1 billion in tax revenue from marijuana sales since recreational use of the drug was legalized in 2014. The Colorado Department of Revenue says sales since legalization have topped .5 billion, generating $1.02 billion from taxes, licenses and fees. The state has more than 2,900 licensed marijuana businesses and more [.]

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