International Cannabis Business Conference

Colorado Marijuana Tax Report: February 2014

Nearly $30 million has been collected by recreational marijuana stores in the first two months of legal sales in Colorado. (marijuana.com)

Recreational marijuana sales in Colorado rose 11% in February over January. A total of $2.2 in taxes were collected on an estimated $15.7 million of retail sales.

In January, a total of $2 million taxes were collected on $14 million of retail sales.

A total of 83 businesses paid taxes compared to 59 in January.

Here's the breakdown:

                           February             January

10% sales tax    $1,434,916       $1,401,568
2.9% sales tax      $438,253          $416,690
15% excise tax     $339,615          $195,318
total                    $2,212,784       $2,013,576

Denver Country leads the state in marijuana tax revenues (a whopping 58% of the total in February):

                             $956,639          $985,407

In addition, the following taxes were paid on retail sales of medical marijuana:

2.9% tax             $1,022,176         $913,519

Here are the total amounts of taxes collected on recreational and medical marijuana:

                           $3,234,960       $2,927,095

Steve Bloom

Steve Bloom

Publisher of CelebStoner.com, editor-in-chief of Freedom Leaf, co-author of Pot Culture and Reefer Movie Madness, and the former editor of High Times.