Colorado Surpasses $1 Billion in Marijuana Tax Revenue

(AP) – Colorado has surpassed $1 billion in tax revenue from marijuana sales since recreational use of the drug was legalized in 2014. The Colorado Department of Revenue says sales since legalization have topped $6.5 billion, generating $1.02 billion from taxes, licenses and fees.

A man is draped in pro-marijuana colors during the Denver 420 Rally on May 21, 2016, in Colorado. According to the Huffington Post, colorado reached 0 million in revenue through licenses, fees, and taxes in its first three and a half years of legalization.Within just two years, it’s doubled that number.

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Colorado passes more than $1 billion in marijuana revenue By Aris Folley – 06/12/19 07:37 PM EDT Five years after it began selling recreational marijuana, Colorado has generated more than $1.

Colorado Marijuana Industry Continues to Grow, Revenue Surpasses $1 Billion to Date. Since 2014, marijuana tax, license and fee revenue has contributed most to public health and safety efforts, Human Services programs, and public health initiatives.

Legal marijuana has now earned over $1 billion in tax revenue for the state, according to the Colorado Department of revenue. marijuana dispensary sales taxes, business licensing fees and excise taxes.

Colorado’s marijuana market recently reached another milestone. A statement from the Colorado Department of Revenue published last Wednesday reveals that the state has collected more than $1 billion in revenue from taxes collected on marijuana products since the start of its recreational marijuana industry five years ago.

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The state’s department of revenue said Wednesday it surpassed $1 billion in marijuana revenue since it legalized cannabis sale in 2014. The revenue includes marijuana tax, licenses and fees.

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A word to states considering marijuana legalization: If you approve using the green plant, you’ll receive green back. That’s the latest lesson from Colorado, where state revenue from marijuana sales surpassed $1 billion for the first time. Since Colorado adult-use cannabis program begin in 2014.

DENVER (AP) – Colorado has surpassed $1 billion in tax revenue from marijuana sales since recreational use of the drug was legalized in 2014. The Colorado Department of Revenue says sales since legalization have topped $6.5 billion, generating $1.02 billion from taxes, licenses and fees. The state.

"It’s crazy to think how much money states are flushing down the toilet by keeping marijuana in an illegal market," said Mason Tvert, VP of Communications at Vicente Sederberg, LLP upon the release of a report that detailed how the over $1.2 billion raised in cannabis tax revenue has helped the state thrive.

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