International Cannabis Business Conference

Colorado Marijuana Tax Report: July 2014

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:

                                         2014 Totals           July               June               May

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

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.