Colorado Surpasses $1 Billion in Marijuana Tax Revenue

Colorado marijuana industry continues to Grow, Revenue Surpasses $1 Billion to Date. Since 2014, marijuana tax, license and fee revenue has contributed most to public health and safety efforts, Human Services programs, and public health initiatives.

A word to states considering marijuana legalization: If you approve using the green plant, you’ll receive green back. That’s the latest lesson from Colorado, where state revenue from marijuana sales surpassed $1 billion for the first time. Since Colorado adult-use cannabis program begin in 2014.

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Colorado’s marijuana market recently reached another milestone. A statement from the Colorado Department of Revenue published last Wednesday reveals that the state has collected more than $1 billion in revenue from taxes collected on marijuana products since the start of its recreational marijuana industry five years ago.

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Colorado Surpasses $1 Billion in marijuana tax revenue colorado has generated more than $1 billion in marijuana tax and licensing fee revenue this year. That’s a 1,405% increase since 2014, when it collected $67 million in taxes and fees. 2014 is also the year the Colorado Department of Revenue began reporting tax collection data.

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A man is draped in pro-marijuana colors during the Denver 420 Rally on May 21, 2016, in Colorado. According to the Huffington Post, Colorado reached $500 million in revenue through licenses, fees, and taxes in its first three and a half years of legalization.Within just two years, it’s doubled that number.

The cannabis industry in Colorado is thriving – the state has reached $1 billion in marijuana tax revenue. We must continue to lead the way.

DENVER (AP) – Colorado has surpassed $1 billion in tax revenue from marijuana sales since recreational use of the drug was legalized in.

Colorado Surpasses $1 Billion In Marijuana Tax Revenue By Allison Brickell of Early Investing Tuesday, June 18, 2019 9:34 AM EDT Colorado has generated more than $1 billion in marijuana tax and licensing fee revenue this year.

Marijuana revenue in Colorado has surpassed $1 billion since it sales started five years ago. msn back to msn home lifestyle.. Marijuana Tax Revenue Surpasses $1 Billion In Colorado

Colorado has surpassed $1 billion in tax revenue from marijuana sales since recreational use of the drug was legalized in 2014.

Colorado's marijuana revenue surpasses $1B. By Katherine Lam. The revenue includes marijuana tax, licenses and fees. Marijuana sales.

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