Colorado Just Became The First State In History To Collect More Taxes From Marijuana Than Alcohol

Colorado Just Became The First State In History To Collect More Taxes From Marijuana Than Alcohol

COLORADO: No state has ever generated more tax revenue from marijuana than alcohol—until now. The Colorado Department of Revenue, according to recently released figures, just brought in $70 million in taxes relating to marijuana, compared to less than $42 million for alcohol taxes, over the course of a year. This Wednesday, Colorado is declaring a marijuana Read the full article…

Colorado Lawmakers Begin Work On Marijuana Tax Refund Proposal

The state legislature has decided to let the voters decide whether to let the state keep the money made from legal marijuana or to have it returned to them via a tax refund.

COLORADO:  Just recently, Colorado lawmakers realized that they may have to return a large quantity of the tax revenue they received from cannabis sales. The state made around $76 million in the very first year of legal marijuana, which had been allocated for use by the state to repair schools and fund important educational programs and improvement Read the full article…

Colorado Collects More Than $20 Million From Marijuana Sales

Statewide pot-supply shortages slowed the edibles’ arrival, but manufacturers also were stifled by emergency regulations from the state Liquor Control Board, which has taken a cautious approach to opening the marketplace.

COLORADO:  Colorado raked in nearly $22 million from marijuana taxes, licenses and fees in the first three months of recreational pot sales, according to state Department of Revenue data released Thursday. Sales of recreational marijuana were nearly $19 million in March, up nearly one-third from about $14 million in February, according to state figures. The state has Read the full article…