Since the start of legal marijuana sales in 2014, Colorado has sold an eye-opening $14 billion in legal marijuana and marijuana products.
In total Colorado (the nation’s 21st most populated state) sold $14.3 billion in marijuana between January, 2014 and March, 2023. These sales have resulted in $2,414,242,457 in new tax revenue for the state. Marijuana tax revenue is used for health care, education, substance abuse prevention and treatment programs, and law enforcement.
In Colorado marijuana sales are taxed in a few different ways. There’s the standard 2.9% state sales tax, there’s a 15% retail marijuana sales tax and a 15% marijuana excise tax. This is on top of a potential local tax of up to 2.9%. Medical marijuana is exempt from the two 15% taxes, but not the 2.9% sales tax. In terms of marijuana
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