{"id":52318,"date":"2022-01-14T06:11:24","date_gmt":"2022-01-14T14:11:24","guid":{"rendered":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2022\/01\/14\/colorado-earned-423-million-in-marijuana-tax-revenue-last-year\/"},"modified":"2022-01-14T13:45:40","modified_gmt":"2022-01-14T21:45:40","slug":"colorado-earned-423-million-in-marijuana-tax-revenue-last-year","status":"publish","type":"post","link":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2022\/01\/14\/colorado-earned-423-million-in-marijuana-tax-revenue-last-year\/","title":{"rendered":"Colorado Earned $423 Million In Marijuana Tax Revenue Last Year"},"content":{"rendered":"

<\/p>\n

More than $12 billion in marijuana has been sold since legalization in 2014, with the state collecting over $2 billion in taxes.<\/em><\/p>\n

By Robert Davis, The Center Square<\/strong><\/p>\n

Colorado brought in a record $423 million in tax revenue from marijuana sales last year, according to the latest market report from the state\u2019s Department of Revenue (DOR).<\/p>\n

In all, Colorado has sold more than $2 billion in marijuana through November 2021, making it the second consecutive year that the state has eclipsed that mark. In 2020, the state collected $387 million in taxes from the sales.<\/p>\n

Colorado\u2019s tax revenue total<\/a> also implies that the state beat its previous record of $2.1 billion in sales, though DOR said it will release the final numbers next month.<\/p>\n

More than $12 billion in marijuana has been sold since legalization in 2014, with the state collecting over $2 billion in taxes.<\/p>\n

\n

\"🚨\"New record alert!\"🚨\" In 2021, Colorado collected over $423 million in revenue from marijuana sales (compared to the previous record of over $387 million in 2020). Colorado also surpassed $2B in tax and fee revenue and $12B in marijuana sales to date. https:\/\/t.co\/M5zrEiSNYR<\/a> pic.twitter.com\/XxpZzyV1XQ<\/a><\/p>\n

\u2014 CO Dept. of Revenue (@CO_Revenue) January 12, 2022<\/a><\/p>\n<\/blockquote>\n

\n

Colorado collects its marijuana taxes from a 2.9 percent state sales tax on marijuana sold in stores, a 15percent state retail marijuana sales tax and a 15 percent retail marijuana excise tax on wholesale sales and transfers of marijuana. The state also collects fee revenue from marijuana license and application fees.<\/p>\n

In December, Colorado collected more than $30 million in taxes, capping off a five-month streak of declining tax revenue.<\/p>\n

The state also recorded more than $158 million in sales in November, with both medical and recreational marijuana showing significant declines in sales.<\/p>\n

Colorado sold $131 million in recreational marijuana in November, an 11 percent drop when compared to October.<\/p>\n

Similarly, November\u2019s medical marijuana sales totaled $26 million, representing a drop of more than 10 percent on a month-over-month basis.<\/p>\n

The story was first published by The Center Square.<\/a><\/em><\/p>\n

\n

Delaware Lawmakers File New Marijuana Legalization Bill With Key Equity Revisions<\/a><\/p>\n<\/blockquote>\n

\n

The post Colorado Earned $423 Million In Marijuana Tax Revenue Last Year<\/a> appeared first on Marijuana Moment<\/a>.<\/p>\n


\n
\nRead More: Colorado Earned 3 Million In Marijuana Tax Revenue Last Year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

More than $12 billion in marijuana has been sold since legalization in 2014, with the state collecting over $2 billion in taxes. By Robert Davis, The Center Square Colorado brought in a record $423 million in tax revenue from marijuana sales last year, according to the latest market report fromContinue Reading<\/a><\/span><\/p>\n","protected":false},"author":457,"featured_media":52319,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1335],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/52318"}],"collection":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/users\/457"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/comments?post=52318"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/52318\/revisions"}],"predecessor-version":[{"id":52320,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/52318\/revisions\/52320"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media\/52319"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=52318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=52318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=52318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}