Live Breaking News & Updates on Colorado Marijuana Taxes|Page 1
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Colorado Governor Jared Polis is asking the state legislature for millions of dollars in cannabis business and tax initiatives in his newly proposed budget. ....
With $15 billion collected since 2014, you could match the GDP of a small country, buy 2,000 Gulfstream G5 jets or purchase the Denver Broncos three times over. ....
Marijuana sales trackers attribute the flatline to an extra day on the calendar in March, along with a dirty little secret among dispensaries: 4/20 might actually drag April s sales total down. Although April 20 attracts a lot of customers, most of those purchases are relatively large as shoppers take advantage of bulk deals on the marijuana industry s own version of Black Friday and St. Patrick s Day, leading to a drop in transactions for the rest of the month. Over $768 million worth of marijuana products were sold in Colorado from January through April of this year, according to the DOR, responsible for more than $143 million in tax revenue. That s 32 percent higher than the same span last year, and business isn t likely to slow down, as April to May traditionally marks a seasonal rise in marijuana sales. ....
Colorado marijuana sales experienced their annual dip in February, accounting for about $167 million, according to the state Department of Revenue, but are likely poised for a big rebound. ....