Revenue From Marijuana Sales Continues To Climb In Colorado

[Source: TheWeedBlog]

Data was released this week for marijuana sales numbers in Colorado from the month of April. As expected, sales increased in the month of April over previous months. The increase is likely due to the fact that April 20th saw an enormous influx of recreational consumers to Colorado for the marijuana holiday, and dispensaries sold more medical marijuana for the holiday as well.

In April, Colorado medical marijuana dispensaries sold roughly $32 million worth of medical marijuana. Revenue from recreational sales was roughly $22 million, which is a 17% increase from March. Roughly $14 million was brought in during February and January for recreational sales. This is great news for the State of Colorado. So far, Colorado has generated almost $18 million dollars in taxes and fees from marijuana since January.


READ HERE: Revenue From Marijuana Sales Continues To Climb In Colorado

Colorado Recreational Sales Could Trigger Taxpayer Refund

 

[Source: www.mmjbusinessdaily.com]

 Colorado taxpayers could get extra cash back this year if the state’s marijuana-related tax revenues exceed projections, which would provide some solid PR for the cannabis industry.

Under Colorado’s Taxpayer Bill of Rights (TABOR), if the marijuana industry exceeds the estimated $70 million in annual tax revenue that voters agreed upon in November 2013, the state could refund the extra cash back to taxpayers.

A tax refund could boost Coloradans’ perception of the marijuana industry – and even accelerate acceptance of recreational marijuana in other states.

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