Recreational marijuana sales in Colorado declined to $31.6 million in September, a 7% drop over August. It was the first time since legal sales began in January that a decrease was reported. The overall 2014 tax total, combining rec and medical taxes, so far is $52.5 million.
A total of $5.5 million in taxes and license fees were collected in September. Combined with medical marijuana taxes and fees, the tax take was $7.2 million. Both decreased by 9% over August. The end of the summer tourist season is being cited as the reason for the decline.
Since January, tax revenues on rec-pot total $37.1 million.
Here's the breakdown:
2014 Totals Sept Aug July
10% rec sales tax $20,714,986 $2,940,346 $3,307,078 $2,970,183
2.9% rec sales tax $6,071,373 $886,915 $956,973 $821,078
15% rec excise tax $8,293,307 $1,446,105 $1,464,796 $1,397,930
rec licenses & fees $2,035,518 $260,718 $247,660 $469,000
rec subtotal $37,115,184 $5,534,084 $5,976,507 $5,658,191
2.9% med sales tax $8,297,016 $908,630 $935,807 $838,711
med license & fees $7,104,257 $790,156 $828,853 $910,549
med subtotal $15,401,273 $1,698,786 $1,764,660 $1,749,260
Total $52,516,457 $7,232,870 $7,741,167 $7,407,451
See the 2nd-quarter report here.
See the 1st-quarter report here.
Rec = recreational marijuana
Med = medical marijuana
