From January 1st of this year to the end of August, there was over $1 billion worth of legal marijuana and marijuana products sold in Colorado. Colorado marijuana sales have surpassed the $1 billion mark in just eight months this year. In 2016, it took 10 months to reach the same mark. According to The …
Legal cannabis is being sold tax free today throughout Colorado as part of a one day “tax holiday”. As part of the tax holiday, all state taxes on cannabis sales are made void today, September 16th, bringing the average price of an ounce down by $20 – $50. The tax holiday was signed into law …
For the first time in history, a state has generated more annual tax revenue from cannabis than from alcohol. Between the period of July 1st, 2014 to June 30th, 2015, Colorado collected nearly $70 million ($69,898,059) in taxes from cannabis, and just under $42 million ($41,837,647) in taxes from alcohol. This is according to data released …
Tomorrow, September 16th, legal cannabis in Colorado will be sold free of any state tax, as part of a one day “tax holiday”. The tax holiday – which is due to the state’s Taxpayer’s Bill of Rights (TBoR) – was signed into law in June by Governor John Hickenlooper. Under TBoR, voter approval is required …
There was roughly $700 million in legal cannabis and cannabis products sold in Colorado in 2014, according to figures released by the state’s Department of Revenue. This has resulted in $76 million worth of taxes. Of the $700 million sold, $386 million was for medical cannabis and $313 million was for recreational cannabis. This resulted …
Colorado garnered roughly $76 million in taxes from legal cannabis sales in 2014, according to figures released Tuesday by the state’s Department of Revenue. In total, $44 million in taxes was brought in from recreational cannabis sales, with the additional $32 million coming from industry fees and sales of medical cannabis. In Colorado, the possession, …
There was $31.6 million in legal recreational cannabis sold in the State of Colorado in September, according to new numbers released by the state’s Department of Revenue. In the same month, medical cannabis sales reached $32.4 million. In total, the state brought in over $7 million in taxes from cannabis sales in September, bringing the …
