To date this calendar 12 months, greater than $458 million of marijuana has been bought in Colorado.
By Robert Davis | The Middle Sq.
Marijuana gross sales in Colorado rebounded barely to $162 million in March, in keeping with the most recent information from the Colorado Division of Income (CDOR).
The gross sales whole represents a climb of greater than 11 p.c from February when greater than $145 million of marijuana was bought within the state. March’s whole additionally represents a greater than 22 p.c decline when in comparison with the gross sales figures from March 2021.
To date this calendar 12 months, greater than $458 million of marijuana has been bought in Colorado, which is almost 20 p.c beneath the tempo that the state set final 12 months.
By way of CDOR.
Greater than $139 million of the full marijuana gross sales in March got here from leisure gross sales whereas $22 million of medicinal marijuana was bought in Colorado, in keeping with CDOR.
Denver County led all others in whole gross sales for each leisure and medicinal marijuana with greater than $43.7 million bought between the 2 classes.
Marijuana gross sales are reported by every county individually and are logged into Colorado’s state accounting system. This course of is one purpose why month-to-month gross sales figures are reported one month behind the state’s marijuana tax and charge income.
By way of CDOR.
In April, Colorado collected greater than $30 million in taxes and costs from marijuana gross sales, marking the primary time since January that Colorado had collected not less than $30 million in taxes.
Tax income comes from a 2.9 p.c state gross sales tax on marijuana bought in shops, a 15 p.c state retail marijuana gross sales tax, and a 15 p.c state retail marijuana excise tax on wholesale gross sales or transfers of retail marijuana, in keeping with CDOR. Charge income comes from marijuana license and utility charges.
Marijuana tax income in Colorado is used to assist a number of coverage ends resembling for public faculties and legislation enforcement companies.
Final month, greater than $7.8 million was distributed to the general public college development fund whereas the state retained greater than $18.4 million, CDOR information reveals.