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Retail marijuana sales keep growing in Colorado, with a record. Last week, the collective retail marijuana sales in the state surpassed the $6 billion mark, with the Department of Revenue reporting almost $1 billion in taxes,
The Colorado Department of Revenue recently released data compiled at the end of October showing $1.1 billion in year-to-date sales. sederberg estimates that tax revenues for retail marijuana sales will also surpass those collected in 2014 and 2015 combined.
(AP) – 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 $6.5 billion, generating $1.02 billion from taxes, licenses and fees.
Legal Marijuana Sales Totaled $1 Billion in Colorado Last Year. "The additional tax revenue far exceeds the cost of regulating the system,".
Colorado marijuana shops have surpassed $1 billion in sales this year; Sales are. According to new data from the state's Department of Revenue, buying it from tax-regulated businesses that are benefiting the economy.
· 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 million in taxes and fees. 2014 is also the year the Colorado Department of Revenue began reporting tax collection data.
(Shutterstock) DENVER, CO – Colorado has surpassed $1 billion in marijuana revenue since recreational sales began in 2014, according to the Colorado Department of Revenue. Marijuana tax, license and.
Denver, CO: Retail sales of marijuana in Colorado totaled well over $1 billion in the first ten months of 2016 and are estimated to reach .3 billion by year’s end Cannabis sales in 2016 have yielded an estimated $151 million in tax revenue to date, $40 million of which will be directed toward school.
Colorado retail marijuana sales collectively surpassed $1 billion. led to more revenue for the state of Colorado via taxes, fees and licenses.
Colorado Has Hit $1 Billion in Tax Revenue Since Marijuana Was Legalized. Three separate taxes are applied to recreational marijuana sales in Colorado: a 2.9 percent sales tax, an additional 10 percent special marijuana tax and a 15 percent excise tax on wholesale transfers.
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