International Cannabis Business Conference

Colorado Marijuana Tax Report: 1st Quarter 2014

Recreational marijuana sales in Colorado rose 22% in March to $19 million. A total of $5 million in taxes and fees were collected. Retail sales climbed from $14 million in January to $15.7 million In February.

Here's the breakdown of taxes and fees collected by the Colorado Department of Revenue in so far in 2014:

                                  Total             March            February         January

10% rec sales tax     $4,735,568    $1,899,084    $1,434,916     $1,401,568
2.9% rec sales tax    $1,424,448       $569,505       $438,253        $416,690
15% rc excise tax     $1,144,840       $609,907       $339,615        $195,318
rec licenses & fees      $308,700       $108,950       $103,450          $96,300
rec subtotal             $7,613,556    $3,187,446    $2,316,234     $2,109,876

2.9% med sales tax   $2,935,595      $999,900    $1,022,176        $913,519
med license & fees    $2,044,571      $794,045       $754,165        $496,361
med subtotal            $4,890,166    $1,793,945    $1,776,341    $1,409,880

Total                         $12,503,722    $4,981,391    $4,092,575   $3,519,856

Rec = recreational marijuana
Med = medical marijuana

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.