Colorado: $50.1 Million in Legal Recreational Cannabis Sold in June, a New Record

Colorado: $50.1 Million in Legal Recreational Cannabis Sold in June, a New Record

There was $50.1 million in legal recreational cannabis sold in June in Colorado, an over $7.5 million increase from May, and a record for the state, according to the state’s Department of Revenue.

In addition to $50.1 million in recreational cannabis sales, there was $35.2 million in medical cannabis sold, a high for the year. In total, recreational cannabis sales brought in $9 million in taxes and fees for the state, with an additional $1.85 million coming from medical cannabis taxes and fees.

So far in 2015 there has been over $253 million in legal recreational cannabis sold, and over $188 million in medical cannabis sold, bringing the total to over $442 million.

In Colorado, there are three types of state taxes placed on recreational cannabis, including a standard 2.9 percent sales tax, a 10 percent special cannabis sales tax and a 15 percent excise tax on wholesale cannabis transfers.

– TheJointBlog