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The Cannabis Catch-Up: Colorado’s Weed Tax Revenue Surpasses $1 Billion

In Colorado, a year after weed was fully legalized, police said they hadn’t noticed "much of a change of anything," with a report noting that the state had collected $59.8 million in tax revenue from sales of the drug, while incidents of impaired driving, property crime, violent crime, and teen drug use had all fallen.

 · Data compiled by the state’s Liquor and Cannabis Board reports that legal sales have now yielded over $275 million in tax revenue. Last month, state-licensed marijuana sales in Washington totaled $121 million – the highest monthly total yet reported by the Board.

Five Years Later, Marijuana Tax Revenue Surpasses $1 Billion In Colorado – CBS Denver MMP News Author June 13, 2019 DENVER (CBS4) – Marijuana revenue in Colorado has surpassed $1 billion since it sales started five years ago.

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The tax on Colorado weed is going up. Voters in multiple parts of Colorado approved new marijuana taxes that will hike prices for consumers in those areas. Related Topics:Colorado Election Taxes. You may like. Colorado Cannabis Tax Revenues Top $1 Billion.

Stoners are sparking up Colorado’s tax revenue. One of the first states to legalize recreational marijuana, Colorado has had a banner year in pot sales. The legalization also came with an approved caveat. The first $40 million "generated by the state excise tax" will be put toward school.

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WIRE: Washington surpasses $1 billion in retail marijuana sales. Data compiled by the state’s Liquor and Cannabis Board reports that legal sales have now yielded over $275 million in tax revenue. Last month, state-licensed marijuana sales in Washington totaled $121 million – the highest monthly total yet reported by the Board. In Colorado,

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Data released by the Colorado Department of Revenue show Colorado cannabis retailers sold 0.7 million of recreational marijuana and $371.4 Industry experts are projecting $1.3 billion in sales for the year. Colorado’s state coffers will receive roughly $150 million in sales taxes, $40.

DENVER – Marijuana stores in the state sold a record amount of medical and recreational pot in August, according to the Colorado Department of Revenue. with $124.9 million of that in tax revenue..

The Colorado Department of Revenue announced Thursday the state’s marijuana sales had pushed past $1 billion in 2016 and the state pulled in nearly Hopefully this will be a wake-up call for the 42 states that still choose to force marijuana sales into the criminal market and forego millions of dollars.

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