• Health
  • Science
  • U.S.
  • Technology
  • Business
  • World
  • Politics
  • Entertainment
  • Sports

Building a Better World

News and information

  • Home
  • Privacy Policy
  • Contact Us
  • Our Team

Colorado’s monthly marijuana sales shatter $100 million record

October 14, 2015 By Sam Catherman

Colorado’s monthly marijuana sales shatter $100 million record

A record-breaking month of marijuana sales occurred in Colorado in August, bringing the state more than $100 million in revenue.

It has been nearly three years since voters in Colorado decided to legalize the possession and sale of recreational marijuana, and business is booming. According to a report from the Denver Post, monthly marijuana sales in the state have exceeded the $100 million mark for the first time, according to a recent analysis from the Colorado Department of Revenue.

The figure describes the total sales of marijuana in the state, both recreational and medical. The recreational market brought in $59.2 million in revenue in August, while the medical market earned $41.4 million. The combined sales equaled $100.6 million, shattering previous records.

Colorado began selling marijuana recreationally on January 1, 2014, and sales have taken off since then. In the first month, the state brought in $46.9 million in total marijuana sales, with the recreational market earning $14.7 million and the medical market earning $32.2 million. Recreational sales first exceeded medical sales in August of 2014.

That’s a lot of revenue for the state to tax. Recreational marijuana is subject to three different types of taxes in Colorado. There is a statewide 2.9 percent sales tax, a 10 percent special marijuana tax and an additional 15 percent excise tax on wholesale deals. Colorado collected $11.2 million in recreational taxes and $2 million in medical taxes. The state has brought in over $86.7 million in marijuana taxes so far in 2015.

Sharing

Facebooktwittergoogle_plusredditpinterestlinkedintumblrmail

Filed Under: Business, Front Page

Comments

  1. XRumerTest says

    June 19, 2017 at 12:09 pm

    Hello. And Bye.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Facebookrss

Search:

Recent Posts

  • NASA’s InSight spacecraft makes important course correction May 26, 2018
  • Scientists outraged at latest Trump decision May 15, 2018
  • Huge uproar erupts over major incident at Utah park May 13, 2018
  • Incredible moon discovery stuns scientists May 12, 2018
  • Authorities shocked by discovery about common painkiller May 6, 2018
  • Outrageous crocodile experiment stuns scientists May 5, 2018
  • Great Barrier Reef is too quiet, scientists say May 1, 2018
  • Massive Hiroshima bomb discovery shocks scientists May 1, 2018
  • Earth will be slammed by massive asteroid April 29, 2018
  • Teens are doing something incredibly alarming in schools April 29, 2018
  • Huge discovery in Tasmania stuns scientists April 28, 2018
  • Shocking discovery in New Jersey stuns authorities April 22, 2018
  • Huge volcanic explosion could wipe out the United States April 21, 2018
  • Huge controversy erupts over world’s hottest pepper April 15, 2018
  • SpaceX is about to do something astonishing April 15, 2018

Copyright © 2022 Jones Kilmartin Group, LLC · Metro Pro Theme On Genesis Framework · WordPress