Colorado Surpasses $1 Billion in Marijuana Tax Revenue

The marijuana tax reports show tax revenue collected monthly as posted in the Colorado state accounting system. For more information, please see the Marijuana Taxes | File page.. The table below shows medical and retail marijuana tax and fee collections totals by calendar year starting in 2014. Although sales of medical marijuana began prior to 2014, the Department of Revenue did not report.

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Story highlights. colorado marijuana shops have surpassed $1 billion in sales this year. Sales are expected to reach $1.3 billion by the end of 2016. Of that, the first $40 million will go towards school construction projects, and any additional tax revenue from the excise tax will go directly to the state’s.

Legal marijuana sales have reached $1 billion in 2016. colorado cannabis businesses are selling medical and recreational marijuana at an The revenue figure includes all marijuana-related products sold in 2016 and has still yet to include the months of November and December, meaning.

DENVER (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.

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 · According to the report released this week from Vicente Sederberg, LLP, since regulating cannabis for adult use in 2014, the Colorado government has collected more than $1 billion in cannabis-related taxes and fees, which have gone into local and state improvement programs.

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 · 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.

In a little more than five years since becoming the first state to legalize recreational cannabis, Colorado says it’s gone past the $1 billion mark in marijuana tax revenue.

A $1 billion marijuana windfall for New Jersey? Some say it’s possible. James Nash, State House Bureau, @jmnash Published 6:00 a.m. ET Jan. 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.

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DENVER (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.