Cannabis Industry B2B Directory: Featured Businesses
Back You are here: Home News Industry News More Colorado Marijuana Tax Dollars are Rolling In

More Colorado Marijuana Tax Dollars are Rolling In

As of July 1, over 200 marijuana shops were licensed, according to the Colorado Department of Revenue.

In the first five months of legal retail sales, Colorado dispensaries sold about $90 million worth of recreational marijuana, The Denver Post reported Thursday.

DENVER, Colo. — Those pot tax dollars are rolling in, and they don't show signs of letting up anytime soon.

The Colorado Department of Revenue in June collected slightly more in tax revenue than the month before, according to its recent sales report.

The state collected $4,775,679 from marijuana-related sales tax in June 2014, up from $4,511,668 collected in May 2014.

To date, Colorado has collected $25,307,067 in pot taxes. Officials projected the state would collect $60 to $70 million by the end of the fiscal year (June 2015).

Read the full story