Colorado, the first state to permit no-questions-asked marijuana sales to adults, reported $193.6 million in tax and fee revenue on the drug in 2016. Colorado charged 27.9 percent in sales and excise taxes on recreational marijuana that year; the rate increased to 32.9 percent in 2017.
Colorado has now generated more than $1 billion in total state revenue from the legal marijuana industry, another milestone for the state that legalized cannabis in Please respect the marijuana laws in your state. Also, talk with your doctor before making any decisions concerning your health.
Find Arizona marijuana information and news. The Colorado Department of Revenue shows the total sales for the first 9 months of 2016 at 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.
That implies sales volume of over $760 million in two years, less than half the total revenue volume in Colorado’s first two years. Even that comparatively slack rate of sales, though, could generate.
Colorado passes $1 billion in marijuana state revenues colorado has now racked up more than $1 billion in total state revenue of legal marijuana industry. That’s yet another milestone for the state.
The Colorado Department of Revenue reported that the state has seen more than $6 billion in total sales since it began selling cannabis in 2014. Colorado saw more than $6.5 billion at the end of last month, according to state data. The state reported that there are nearly 3,000 licensed marijuana.
Key Points Colorado revenue from marijuana sales experienced its two highest-grossing months in April and May, with roughly $24 million in total state.
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DENVER, Colorado – Colorado’s legal marijuana business boomed last year, with total sales in the state nearing the $1 billion mark, according to "Colorado collected almost $70 million in marijuana taxes during [the fiscal year that ended in June], nearly double the $42 million collected from alcohol.
Colorado has become the first state to reach over $1 billion in legal, regulated annual cannabis sales, generating more than $150 million in tax revenue for the Sederberg was instrumental in passing the initiative that legalized adult use marijuana in Colorado. "People were consuming cannabis before.
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The Vote Yes on 788 group has estimated in the second year after passage, medical marijuana would generate $10 million to $30 million in state revenue above regulatory. marijuana topped .5.
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