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

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

Within just two years, it’s doubled that number. “The cannabis industry in Colorado is thriving – the state has reached $1 billion in marijuana tax revenue,” Colorado Gov. Jared Polis said via Twitter.

according to the Colorado Department of Revenue. The official number, which is just over $1.02 billion, comprises revenue from marijuana taxes, licenses and fees. Along with the overall revenue.

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. the future of small local weed. colorado surpasses $1B in # cannabis tax. DENVER – Colorado has surpassed $1 billion in tax revenue from marijuana.

Along with the overall revenue numbers, the CDOR said that marijuana sales to date have exceeded $6.56 billion. Related stories. Colorado Weed Revenue Surpasses $1 Billion

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.

Colorado surpasses last year’s. The cannabis industry brought in $205.1 million. The tax numbers released this week by the Colorado Department of Revenue show.

Colorado surpassed $1 billion in legal weed revenue. Since the state started selling legal weed in 2014, more than .5 billion products have been sold. Since July 2017, Colorado hasn’t seen a single month where cannabis tax revenue wasn’t more than $20 million.

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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Taxes from cannabis sales in Colorado go toward the state’s general fund, as well as education and healthcare, including mental health services and youth prevention programs. This video, "Colorado.

Colorado’s burgeoning legal marijuana industry has quickly made gains on the. Browse All Episodes Catch up on any of the Cannabis Reporter Radio Show.

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Revenue from legal marijuana sales in Colorado has surpassed $1 billion since recreational sales began in 2014, according to the Colorado Department of Revenue.

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