International Cannabis Business Conference

Colorado Marijuana Tax Report: 2nd-Quarter 2014

Recreational marijuana sales in Colorado rose to $24.7 million in June. A total of $4.7 million in taxes and license fees were collected, an increase of 8% over May.

Combined with medical marijuana taxes and fees, the June tax take was $6.5 million, an increase of 9% over May.

Since January, tax revenues on rec-pot total $19.9 million. The overall 2014 tax total, combining rec and medical taxes and fees, so far is $30.1 million.

Here's the breakdown:

                                2014 Totals          June               May               April

10% rec sales tax    $11,497,379        $2,473,627     $2,070,577    $2,217,607
2.9% rec sales tax     $3,406,407          $700,107        $642,124       $639,728
15% rec excise tax    $3,984,476          $969,637      $1,135,648      $734,351
rec licenses & fees    $1,058,140          $507,490          $72,850       $139,100
rec subtotal            $19,946,402       $4,650,861     $3,921,199    $3,730,786

2.9% med sales tax    $5,613,768        $830,861        $927,330        $919,982
med license & fees     $4,574,699       $1,040,363      $867,178        $622,587
med subtotal           $10,188,467       $1,871,224    $1,794,508    $1,542,569

Total                         $30,134,869       $6,5322,085  $5,715,707    $5,273,355

See the 2014 1st-Quarter Report here.

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.