Colorado Collected $2 Million In January Pot Taxes, Lower Than Estimated


Colorado collected more than $2 million in taxes on the sale of recreational marijuana in the month of January, reports the Denver Post. The numbers are the first official tally of the historic January sales, themselves a nationwide first. If the figures remain at that pace, sales and tax revenues would fall below previous estimates of what Colorado could reap from the sale of marijuana.

In January, Colorado collected $1.4 million from a special 10 percent sales tax on recreational marijuana, plus another $416,690 from the state’s standard 2.9 percent sales tax, said the Colorado Department of Revenue. Extrapolating from those figures, recreational marijuana businesses did slightly more than $14 million in retail sales during the month.

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