Colorado passes $1 billion in marijuana state revenue – Fasti News

Colorado’s total tax and fee revenue from the sale of legal marijuana has exceeded $1 billion since the state legalized the drug in 2014. Total marijuana sales within Colorado have passed .56 billion since legalization, with the state collecting more than $1.02 billion in taxes, licenses and fees, the state’s Department of Revenue said.

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Fast forward to 2019, and Colorado now has 549 dispensaries (reportedly, Denver. than Starbucks)[1] and marijuana sales topped $1 billion in 2018 alone .. In the years since Colorado's legalization, other states have passed. [3] total revenue from recreational marijuana is expected to have broken.

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The state legalized weed in 2014. Since then, total sales have exceeded $6.56 billion, according to the state’s department of revenue. "Today’s report continues to show that Colorado’s cannabis.

Music, Film, TV and Political News Coverage. Revenue from legal marijuana sales in Colorado has surpassed $1 billion since recreational sales began in 2014, according to the Colorado Department of.

The state’s legal marijuana sales revenue doubling from the $500 million mark to $1 billion ($1,017,120,136 exactly) took under two years, while getting to $500 million took close to three and a half years. Since July 2017, Colorado total monthly tax and fee revenue from marijuana sales has never dipped below $20 million.

Colorado’s marijuana industry just passed a major milestone: It’s made $1 billion in state revenue since legal marijuana sales began there in 2014. And revenue has only accelerated since then.

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Marijuana money: $21 million in Colorado weed tax revenue up in smoke If surrounding states legalize marijuana, Colorado could lose its valuable. travelers could stop and rest before making the trek over Raton Pass.. Tax revenue from nearly $1 billion in marijuana sales in 2015 weighed in at $135 million.. Plus, conditions are changing fast, and no one really knows how.

Colorado passes $1 billion in marijuana state revenue published wed, JUN 12 2019 3:00 PM EDT UPDATED 4 HOURS AGO Eric Rosenbaum Colorado has now generated more than $1 billion in total state revenue from the legal marijuana industry, another milestone for the state that legalized cannabis 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.