Colorado passes $1 billion in marijuana state revenue – Fasti News

 · Colorado Government Reports $1.3 Billion in Marijuana Sales Generated Nearly $200 Million in Tax Revenue in 2016. Feb 10, 2017. Statement below from Mason Tvert, the Denver-based director of communications for the Marijuana Policy Project

Colorado, the first state to permit no-questions-asked marijuana sales to adults, reported $193.6 million in tax and fee revenue on the drug in 2016. Washington state, which followed Colorado in allowing adult recreational use, charges a 37 percent tax on retail marijuana sales. The state of 7.3.

 · It’s official: the first $1.0 billion has been made by a U.S. state via marijuana taxation, licenses, and fees. Colorado, the pioneer when it comes to marijuana legalization in the United States.

Colorado, where there are more than 1,000 licensed marijuana growers, has created a “gray market.” “They grow it legally and then sell it illegally,” Kish says. “So, the state’s missing out on the tax.

The Colorado Department of Revenue recently released data compiled at the end of October showing $1.1 billion in year-to-date sales. Sales totals at the end of 2015 were reported as being $996,184,788. Colorado retail marijuana sales have the potential to pass sales totals from 2014 and 2015 combined, according to The denver post. marijuana.

In 2014, Colorado invested $2 million generated from marijuana sales tax revenue on campaigns aimed at anti-marijuana education of minors and the state has plans to spend double that amount, $4 million in 2015 (out of a total projected marijuana sales tax revenue of $125 million).

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 · Colorado announced that since the state legalized adult-use cannabis sales in 2014, $1 billion worth of marijuana were sold, while Oregon’s Congress passed a bill that would allow it to trade.

Maine marijuana news and information. The Colorado Department of Revenue recently released data compiled at the end of October showing $1.1 billion in year-to-date sales. Colorado retail marijuana sales have the potential to pass sales totals from 2014 and 2015 combined, according to.

COLORADO’S FRESH MOUNTAIN AIR AND bright blue skies ARE STILL ITS BIGGEST DRAW. BUT LEGAL MARIJUANA IS QUICKLY PROVIDING THE STATE A NEW IDENTITY. LAST YEAR, SALES WERE NEARLY $1 BILLION AND THE.

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