International Cannabis Business Conference

Colorado Marijuana Tax Report: April 2014

Recreational marijuana sales in Colorado rose 8% in April to $22 million. A total of $3.7 million in taxes and license fees were collected, an increase of 15% over March.

Store sales have risen from $14 million in January to $15.7 million in February to $19 million in March.

Since January, tax revenues on rec-pot total $11.3 million.

Combined with medical marijuana taxes and fees, the April tax take was $5.2 million, an increase of 6% over March. Medical marijuana taxes and fees declined 14% on $31 million in retail sales during the same period. The overall 2014 tax total, combining rec and medical taxes, so far is $17.8 million.

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

                                     Total              April             March           February           January

10% rec sales tax      $6,953,175    $2,217,607   $1,899,084    $1,434,916      $1,401,568
2.9% rec sales tax     $2,064,176       $639,728      $569,505       $438,253         $416,690
15% rc excise tax      $1,879,191       $734,351     $609,907        $339,615         $195,318
rec licenses & fees       $447,800       $139,100     $108,950        $103,450           $96,300
rec subtotal             $11,344,342   $3,730,786   $3,187,446     $2,316,234      $2,109,876

2.9% med sales tax    $3,855,577      $919,982     $999,900    $1,022,176          $913,519
med license & fees     $2,667,158      $622,587     $794,045        $754,165         $496,361
med subtotal            $6,432,735    $1,542,569   $1,793,945    $1,776,341      $1,409,880

2014 Total                $17,777,077    $5,273,355   $4,981,391    $4,092,575     $3,519,856

Steve Bloom

Steve Bloom

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