Recreational marijuana sales in Colorado rose 11% in February over January. A total of $2.2 in taxes were collected on an estimated $15.7 million of retail sales.
In January, a total of $2 million taxes were collected on $14 million of retail sales.
A total of 83 businesses paid taxes compared to 59 in January.
Here's the breakdown:
February January
10% sales tax $1,434,916 $1,401,568
2.9% sales tax $438,253 $416,690
15% excise tax $339,615 $195,318
total $2,212,784 $2,013,576
Denver Country leads the state in marijuana tax revenues (a whopping 58% of the total in February):
$956,639 $985,407
In addition, the following taxes were paid on retail sales of medical marijuana:
2.9% tax $1,022,176 $913,519
Here are the total amounts of taxes collected on recreational and medical marijuana:
$3,234,960 $2,927,095
