April 12, 2014

Colorado Makes $3.2 Million In Taxes On Legal Marijuana In February

April 12, 2014
colorado legal marijuana sales

colorado legal marijuana salesCourtesy of The Joint Blog

Legal cannabis sales has earned the State of Colorado over $3 million in tax revenue for the month of February alone. This number represents an increase of roughly $300,000 from the tax revenue earned by the state in January.

Of the $3.2 million collected, $1.43 million came from a special 10% sales tax on recreational cannabis, with $438,253  coming from the state’s standard 2.9% sales tax.

The states 2.9% sales tax on medical cannabis produced $1.02 million in tax revenue in February.

Denver County generated the largest amount of tax revenue from legal cannabis sales, with nearly $1.5 million.

Source: TheJointBlog.Com

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