Colorado reaches $15 billion in marijuana sales since legalization
COLORADO (KRDO) - In August of this year, the State of Colorado reached $15 billion in marijuana sales, according to the Colorado Department of Revenue (CDOR).
The Marijuana Sales Report shows that in August 2023, marijuana sales totaled $15,028,995,376 since legalization in January 2014. Total sales for 2023 so far are $1,052,517,913, with $132,447,967 in the month of August alone.
The Marijuana Sales Report also shows that the marijuana tax revenue total since legalization is $2,554,160,551.
According to the CDOR, the Marijuana Sales Reports summarize total sales made by medical and retail marijuana stores monthly by county. Tax revenue comes from the state sales tax (2.9%) on marijuana sold in stores, the state retail marijuana sales tax (15%) on retail marijuana sold in stores, and the state retail marijuana excise tax (15%) on wholesale sales/transfers of retail marijuana. Fee revenue comes from marijuana license and application fees.
You can view the full Marijuana Sales Reports and Marijuana Tax Reports here:
