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Colorado Marijuana Tax Report: 3rd Quarter 2014

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

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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.