Colorado came up just short of one billion dollars is sales of legal cannabis in 2015. Here’s more:
Sales records for recreational and medical marijuana in Colorado in 2015 have been released by the Colorado Department of Revenue. With both markets combined, a total of $996,184,788 in sales are reported. An industry attorney, Christian Sederberg said, “I think it’s ethical to round that up to a billion.”
School construction projects benefited to the tune of more than $35 million from marijuana sales taxes. The state collected over $135 million in 2015 for marijuana taxes and fees, according to The Denver Post.
Attorney Steve Fox said, “These are amazing numbers, especially on the tax revenue side.”
Three types of taxes are in place regarding marijuana sales in Colorado. Wholesale marijuana transfers require a 15-percent excise tax. Two types of sales tax are in place including the general sales tax of 2.9-percent and a special marijuana sales tax of 10-percent.
There’s more to the story HERE.
[image: Google images “cannabis in Colorado”]
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