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Home 🌿 Recreational Marijuana News 🌿 Manitou Springs tax collections booming amid recreational marijuana sales 🌿Manitou Springs tax collections booming amid recreational marijuana sales
Business is booming in Manitou Springs, and its sales tax collections are at record levels.
The city brought in $2.71 million through August, more than the total for all of last year. A noteworthy figure, considering the sales tax revenue collected in 2014 was the city's largest total in at least a decade, according to data provided by its finance department.
And while a string of summer months devoid of major fires and floods and an improving economy have helped contribute to Manitou's success, recreational marijuana sales cannot be ignored.
"We were well on our way to financial health and recovery of our community," Mayor Marc Snyder said. "And the new taxes from recreational marijuana were just a real boost."
Manitou sales tax collections set a record in July 2014, which included only a few hours of recreational marijuana sales for the month.
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