Colorado sets record with $117M in weed sales for April

Through four months, Colorado has amassed almost $57 million in taxes and fees for medical and recreational cannabis.

By Aleta Laback at thecannabist.co

The record-setting sales also meant a healthy revenue haul for the state. There are three different taxes on Colorado’s recreational cannabis — the standard 2.9 percent state sales tax, a special 10 percent sales tax and a 15 percent excise tax on wholesale transfers, which is earmarked for school construction projects. The more than $5.5 million collected in excise tax is a monthly record from when recreational sales began in January 2014, and brings the yearly total to $16.7 million.

Through four months, Colorado has amassed almost $57 million in taxes and fees for medical and recreational cannabis.

Read more at thecannabist.co

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