Recreational marijuana sales in Colorado rose to $33 million in August, a 9% increase over July. The overall 2014 tax total, combining rec and medical taxes, so far is $45.3 million.
A total of $6 million in taxes and license fees were collected. Combined with medical marijuana taxes and fees, the August tax take was $7.7 million. Both increased by 9% over July.
Since January, tax revenues on rec-pot total $31.6 million.
Here's the breakdown:
2014 Totals Aug July June
10% rec sales tax $17,774,640 $3,307,078 $2,970,183 $2,473,627
2.9% rec sales tax $5,184,458 $956,973 $821,078 $700,107
15% rec excise tax $6,847,202 $1,464,796 $1,397,930 $969,637
rec licenses & fees $1,774,800 $247,660 $469,000 $507,490
rec subtotal $31,581,100 $5,976,507 $5,658,191 $4,650,861
2.9% med sales tax $7,388,386 $935,807 $838,711 $830,861
med license & fees $6,314,101 $828,853 $910,549 $1,040,363
med subtotal $13,702,487 $1,764,660 $1,749,260 $1,871,224
Total $45,283,587 $7,741,167 $7,407,451 $6,5322,085
See the 2nd-quarter report here.
See the 1st-quarter report here.
Rec = recreational marijuana
Med = medical marijuana
