The Cannabis Catch-Up: Colorado’s Weed Tax Revenue Surpasses $1 Billion

Colorado gave law enforcement about $1.7 million last year for other marijuana-related enforcement activities, such as training officers to spot stoned drivers. The black-market grants are aimed at rural communities, where there may be no pot dispensaries and no local tax benefit from legalization.

 · If marijuana was legalized federally, it could be treated like alcohol and would make great tax revenue, he said. Colorado opened its doors to recreational marijuana use more than one year ago, and a new report by the state shows how large the industry has grown in the last year.

Marijuana Tax Revenue Surpasses $1 Billion in Colorado Marijuana tax, license and fee revenue has reached .02 billion, and marijuana sales over $6.5 billion, the Colorado Department of Revenue.

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Since legalizing adult-use cannabis in 2014, Colorado has sold $6.5 billion worth of weed, with more than $1 billion of that haul going back to local and state government.

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The Cannabis Catch-Up: Colorado’s Weed Tax Revenue Surpasses $1 Billion 5. by Sasha Goldstein | Jun 14, 2019

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Colorado just reached a major milestone in cannabis culture. Last month, Colorado became the first state to rake in $1 billion in tax revenues from cannabis. Experts say this unprecedented success can be attributed to the state’s consumer-friendly regulations as well as the undeniable advantage of being a cannabis trailblazer.

Revenues from Colorado’s legal cannabis industry have surpassed over a half-billion dollars since retail sales began on January 1, 2014. According to an analysis by VS Strategies, cannabis-specific.

Marijuana Tax Revenue Surpasses $1 Billion In Colorado – YouTube Marijuana revenue in Colorado has surpassed $1 billion since it sales started five years ago. Marijuana revenue in Colorado has.

Montana Surprises Industry With $1.8M In First Year Taxes The revenue doubled initial predictions. by Fresh Toast. September 6, 2018.. One such reform was to charge a 4 percent tax on all cannabis, whether sold, bartered, Colorado Surpasses $1 Billion In Marijuana Revenue.

Colorado. tax on every ounce sold. This “closed, highly regulated industry” described in a financial impact study is expected to add as much as US$1.9 billion to the state’s bottom line over five.

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By Associated Press (AP) – Colorado has surpassed $1 billion in tax revenue from marijuana sales since recreational use of the drug was legalized in 2014. The Colorado Department of Revenue says sales since legalization have topped $6.5 billion, generating $1.02 billion from taxes, licenses and fees.