Marijuana Clubs Approved in Colorado Senate Black market marijuana business booming Colorado’s paradox: Recreational marijuana is legal, but it’s tough to use Denver first city in US to allow marijuana in bars, restaurants Now we know what happens to teens when you make marijuana legal Small Colorado communities find marijuana’s costs and benefits Aurora will use $1.5 million cannabis tax revenues to help the homeless Medical Marijuana draws parents to U.S. for their children’s treatments Now we know who is behind Denver’s marijuana industry COLORADO Passes Law Allowing Medical Marijuana in Schools So, something interesting happens to marijuana after it’s legal Marijuana Prices at Colorado Dispensaries Have Been Falling Runner’s High: athletes use marijuana to improve their training Colorado Cannabis Profiteers Draft Bill to Hijack the Industry Colorado to pay “High Priced” doctor to study marijuana legalization Finally, Congress gets ranked on its marijuana votes Colorado recalls 9 varieties of pot grown by Bud Cellar in Denver Oklahoma law enforcement on lookout for Colorado marijuana Bank woes easing for legal marijuana businesses Colorado marijuana: uptick in adult use, but not minors Illegal marijuana targeted in raids by feds, local officers across Front Range- Colorado The Nation’s First Marijuana-Funded Scholarship Is Available in Colorado Cannabis-in-Schools Bill Clears Colorado Legislative Hurdle DEA Will Decide Whether To Reschedule Marijuana Marijuana business wants naming rights to Broncos’ home stadium Colorado marijuana sales projected to hit $1.5 billion Marijuana Helps Arthritis Using Medical Marijuana for Fibromyalgia Support for marijuana legalization hits all-time high Marijuana start-up accelerator CanopyBoulder raises $2 million Colorado issues massive recall of pesticide-tainted marijuana Road fatalities in Colorado have dropped since marijuana was legalized Local, federal law enforcement gather for marijuana conference Colorado works to educate marijuana tourists Colorado recalls more marijuana because of illegally used pesticides Other towns face Colorado Springs marijuana problems Colorado Medical Marijuana products will be required to undergo testing Marijuana recalled for unapproved pesticide Marijuana – A Purpose To Everything Under The Sun Colorado Springs parents cited after child eats marijuana candy Colorado’s $1 Billion Pot Industry Saves Towns – Causes problems Denver marijuana grow restrictions – On the way U.S. Supreme Court on Colorado marijuana case – Undecided Supreme Court may decide on Colorado marijuana case Colorado Emergency Room visits double – Marijuana ‘Rolling Papers’ Follows The Denver Post on the Marijuana Beat Colorado considers ‘Organic’ certification for marijuana Will there be a 2016 Colorado Cannabis Cup? Marijuana Sales Totaled $1 Billion in Colorado Last Year Hello world!

Marijuana Sales Totaled $1 Billion in Colorado Last Year

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New numbers from the Colorado Department of Revenue show that marijuana sales by government-licensed stores in that state totaled nearly $1 billion in 2015, making marijuana almost as big as craft beer by that measure. Marijuana sales raised $135 million in taxes and fees for the state last year.

“These tax revenue figures are truly impressive,” says Mason Tvert, communications director at the Marijuana Policy Project. “Just six years ago, Colorado received zero dollars in tax revenue from the sale of marijuana in the state.”

While $135 million is indeed a lot compared to $0, it looks less impressive compared to the state budget, which totals $26.4 billion this fiscal year. In other words, last year’s marijuana money, $109 million of which came from taxes on recreational sales, amounts to about 0.5 percent of state spending.

That comparison does not dampen Tvert’s enthusiasm, because he ignores it. Instead he focuses on the 78 percent increase in revenue between 2014 (the first year of legal recreational sales) and 2015 and the fact that the 15 percent excise tax on recreational marijuana raised $35 million for school construction last year, just $5 million less than the maximum allocated by Amendment 64, Colorado’s legalization initiative. In addition to the excise tax, Colorado collects a 10 percent special sales tax on recreational marijuana, plus a 2.9 percent standard sales tax (which also applies to medical sales). Local governments can impose their own taxes, which in Denver total almost 12 percent.

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