Colorado marijuana sales in August surpassed $100 million for the first time. (Denver Post file)
Oct 20, 2015
The Denver Post - Colorado recreational marijuana sales are close to $60 million in August 2015; medical marijuana sales climb slightly
Once again, marijuana sales surpassed the previous month's numbers with recreational marijuana coming in at $59.2 million and medical marijuana tallying $41.4 million.
The combined $100.6 million in marijuana sales continues the month-to-month record-setting trend for 2015.
Recreational cannabis sales began on Jan. 1, 2014 in Colorado, the first state to launch a retail marijuana program. In that first month, there were $46.9 million in total sales — $14.7 million was recreational, $32.2 million medical. August 2014 marked the first time that recreational sales exceeded medical sales.
There are three types of state taxes on recreational marijuana: the standard 2.9 percent sales tax, a 10 percent special marijuana sales tax and a 15 percent excise tax on wholesale marijuana transfers. For August, Colorado collected $11.2 million in recreational taxes and fees and $2.0 million in medical taxes and fees, bringing the 2015 cumulative revenue total to nearly $86.7 million. In 2014, total marijuana revenue was $76.2 million.
Perhaps the most-watched figure in the state's marijuana tax data
is the 15 percent excise tax that is earmarked for school construction projects. In August, that tax brought in $3.3 million, up from $3.1 million in July.
In contrast, Colorado's first week of legal sales reached $5 million.