Recreational marijuana sales in Colorado rose to $29.7 in July, an 8% increase over June. A total of $5.7 million in taxes and license fees were collected, also an 8% increase over June.
Combined with medical marijuana taxes and fees, the July tax take was $7.4 million, a 9% increase over June.
Since January, tax revenues on rec-pot total $25.6 million. The overall tax total, combining rec and medical taxes and fees, so far iin 2014 is $37.5 million.
Here's the breakdown:
10% rec sales tax $14,467,562 $2,970,183 $2,473,627 $2,070,577
2.9% rec sales tax $4,227,485 $821,078 $700,107 $642,124
15% rec excise tax $5,382,406 $1,397,930 $969,637 $1,135,648
rec licenses & fees $1,527,140 $469,000 $507,490 $72,850
rec subtotal $25,604,593 $5,658,191 $4,650,861 $3,921,199
2.9% med sales tax $6,452,479 $838,711 $830,861 $927,330
med license & fees $5,485,248 $910,549 $1,040,363 $867,178
med subtotal $11,937,727 $1,749,260 $1,871,224 $1,794,508
Total $37,542,320 $7,407,451 $6,5322,085 $5,715,707
See the 2nd-quarter report here.
See the 1st-quarter report here.
Rec = recreational marijuana
Med = medical marijuana
