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Home 🌿 Marijuana Business News 🌿 Colorado's 2015 Marijuana Tax Results: $135 Million, $35 Million Going to Schools 🌿

Colorado's 2015 Marijuana Tax Results: $135 Million, $35 Million Going to Schools

Submitted by Marijuana News on Thu, 02/11/2016 - 09:08

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Last week we told you that San Francisco based marijuana investment firm The ArcView Group was projecting total 2015 marijuana sales in Colorado to break the billion dollar mark. Turns out they were off, but not by much. On Tuesday Colorado released its official tax data and it shows that total sales in the first state to legalize recreational marijuana reached $996,184,788. The ArcView Group had based their projections on a weak retail December and on that they were totally off. December saw the highest sales of recreational weed since the first storefront opened its doors two years prior, and jumped to $11.2 million from $10.6 million in November (a more-than-20% month-to-month increase).

Total tax revenue for the 2015 calendar year came out to just over $135 million, with nearly a quarter of that, or $35 million,...

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Alibi Pierce
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Colorado

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