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

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

Applicants can file to have their misdemeanor marijuana possession convictions in those counties wiped clean. Don’t worry, the events are still on. But we wanted to clarify a few details. For one, the.

Since 2014, when Colorado allowed its first legal cannabis sales, the state has raked in more than $1 billion in tax revenue. Weed in Colorado is taxed twice: 15 percent when it’s sold from a cultivation facility to a store or manufacturer, and then another 15 percent at the cash register, according to the.

The Colorado Department of Revenue released its report on Wednesday, and marijuana sales are The taxes collected from these sales are being put to good use. Aurora, a town outside of Denver, is As long as the tax revenue from the sale of marijuana continues to fund positive public projects, we.

The weed market in Colorado was expected to rake in $33 million in the first fiscal year. But smokers are figuring out how to avoid marijuana taxes. Despite the 600,000 regular pot smokers in Colorado, the state has come up millions of dollars short in marijuana tax revenue. One reason is that buying.

according to the Colorado Department of Revenue. The official number, which is just over $1.02 billion, comprises revenue from marijuana taxes, licenses and fees. Along with the overall revenue.

The Colorado Department of Revenue announced Thursday the state’s marijuana sales had pushed past $1 billion in 2016 and the state pulled in nearly Hopefully this will be a wake-up call for the 42 states that still choose to force marijuana sales into the criminal market and forego millions of dollars.

Here's a map of where marijuana legalization stands across the country – and a deeper. the option to charge almost anyone caught with weed with felony distribution.. Colorado Weed Revenue Surpasses $1 Billion. The state, which has a program to ensure jobs and tax revenues are split up fairly,

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Colorado alone has surpassed $1 billion in tax revenue from pot since 2014, and a recent study estimated legalizing marijuana nationwide would create at least $132 billion in tax revenue. The initial excitement around cannabis legalization and the cannatourism that comes with it, generates a.

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DENVER (CBS4) – Marijuana revenue in Colorado has surpassed $1 billion since it sales started five years ago. With that, marijuana sales.

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