Recreational marijuana sales in Colorado rose to $24.7 million in June. A total of $4.7 million in taxes and license fees were collected, an increase of 8% over May.
Combined with medical marijuana taxes and fees, the June tax take was $6.5 million, an increase of 9% over May.
Since January, tax revenues on rec-pot total $19.9 million. The overall 2014 tax total, combining rec and medical taxes and fees, so far is $30.1 million.
Here's the breakdown:
2014 Totals June May April
10% rec sales tax $11,497,379 $2,473,627 $2,070,577 $2,217,607
2.9% rec sales tax $3,406,407 $700,107 $642,124 $639,728
15% rec excise tax $3,984,476 $969,637 $1,135,648 $734,351
rec licenses & fees $1,058,140 $507,490 $72,850 $139,100
rec subtotal $19,946,402 $4,650,861 $3,921,199 $3,730,786
2.9% med sales tax $5,613,768 $830,861 $927,330 $919,982
med license & fees $4,574,699 $1,040,363 $867,178 $622,587
med subtotal $10,188,467 $1,871,224 $1,794,508 $1,542,569
Total $30,134,869 $6,5322,085 $5,715,707 $5,273,355
See the 2014 1st-Quarter Report here.
Rec = recreational marijuana
Med = medical marijuana
