{"id":54193,"date":"2022-04-12T10:27:20","date_gmt":"2022-04-12T18:27:20","guid":{"rendered":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2022\/04\/12\/colorado-marijuana-sales-totals-drop-for-third-month-in-a-row\/"},"modified":"2022-04-13T19:48:52","modified_gmt":"2022-04-14T03:48:52","slug":"colorado-marijuana-sales-totals-drop-for-third-month-in-a-row","status":"publish","type":"post","link":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2022\/04\/12\/colorado-marijuana-sales-totals-drop-for-third-month-in-a-row\/","title":{"rendered":"Colorado Marijuana Sales Totals Drop For Third Month In A Row"},"content":{"rendered":"

<\/p>\n

Overall, cannabis sales in February were 3 percent below January\u2019s numbers and 13 percent below total sales from a year ago.\u00a0<\/em><\/p>\n

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

Marijuana sales in Colorado continued a downward trend in February totaling $145 million, according to the state\u2019s latest market data.<\/p>\n

February marked the third consecutive month of declining marijuana sales following a record-breaking year in 2021, the Colorado Department of Revenue\u2019s (CDOR)\u00a0figures<\/a> show. Overall, marijuana sales in February were 3 percent below January\u2019s numbers and 13 percent below total sales from a year ago.<\/p>\n

So far this calendar year, $296 million of marijuana has been sold in the state, bringing total sales to more than $12.5 billion since legalization in 2014.<\/p>\n

According to\u00a0CDOR\u2019s data, retail marijuana sales totaled<\/a> more than $124 million in February while medical marijuana brought in another $20 million.<\/p>\n

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Denver County accounted for nearly $32 million of the retail sales total, making it the highest grossing county for retail sales in the state. Arapahoe and Adams counties rounded out the top three counties for marijuana sales, bringing in $13 million and $10 million, respectively.<\/p>\n

Colorado also collected more than $27.8 million in taxes from its marijuana sales in March, CDOR data shows. Sales tax figures are often posted a month ahead of sales data because taxes are accounted for in Colorado\u2019s accounting system whereas sales figures are reported by individual counties each month.<\/p>\n

Tax revenue comes from a 2.9 percent state sales tax on marijuana sold in stores, a 15 percent state retail marijuana sales tax and another 15 percent state retail marijuana excise tax on wholesale sales and transfers of retail marijuana.<\/p>\n

Fee revenue is also generated by marijuana license and application fees. Last month, Colorado made more than $1.1 million from fees alone.<\/p>\n

The state distributes tax revenue from marijuana sales to multiple stakeholders, some of which include local governments, public schools and law enforcement agencies.<\/p>\n

Last month, the state retained more than $17 million in taxes and redistributed more than $12 million to the Marijuana Tax Cash Fund, an account that supports health care, substance abuse treatment options, and health education programs.<\/p>\n

Public schools received more than $2.1 million from marijuana taxes last month and local governments collected more than $1.9 million from state tax redistributions, according to CDOR.<\/p>\n

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

\n

Kentucky Governor Explores Executive Action On Medical Marijuana Reform As House-Passed Bill Stalls<\/a><\/p>\n<\/blockquote>\n

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The post Colorado Marijuana Sales Totals Drop For Third Month In A Row<\/a> appeared first on Marijuana Moment<\/a>.<\/p>\n


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\nRead More: Colorado Marijuana Sales Totals Drop For Third Month In A Row<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Overall, cannabis sales in February were 3 percent below January\u2019s numbers and 13 percent below total sales from a year ago.\u00a0 By Robert Davis, The Center Square Marijuana sales in Colorado continued a downward trend in February totaling $145 million, according to the state\u2019s latest market data. February marked theContinue Reading<\/a><\/span><\/p>\n","protected":false},"author":457,"featured_media":54194,"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\/54193"}],"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=54193"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/54193\/revisions"}],"predecessor-version":[{"id":54195,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/54193\/revisions\/54195"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media\/54194"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=54193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=54193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=54193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}