You are here
Home 🌿 Marijuana Business News 🌿 Tax Revenue Expected To Reach $125 Million As 2015 Colorado Cannabis Sales Near $1B 🌿Tax Revenue Expected To Reach $125 Million As 2015 Colorado Cannabis Sales Near $1B
DENVER, Colorado — Colorado’s legal marijuana business boomed last year, with total sales in the state nearing the $1 billion mark, according to current estimates.
Official figures for marijuana sales in December won’t be available until next month, but Ricardo Baca, a staff writer for The Denver Post’s The Cannabist, reported on Jan. 13 that total marijuana sales, including for both recreational and medicinal purposes, had reached $895 million by November.
With cannabis taxed in three ways by the state, including two different kinds of sales tax, Colorado had earned $121 million through that month. That figure represents an especially important windfall for education, Baca noted:
“Perhaps the most-watched figure in the state’s marijuana tax data is the 15 percent excise tax, which is earmarked for school construction projects. In November that tax brought in more than $3 million, up from $2.6 million in October. So far in 2015, those...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin