Marijuana tax revenues hit $3.5 million in January, Denver takes in nearly $1 million

Categories: Marijuana

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Graphics and more below.
In the wake of Amendment 64's passage, some officials worried marijuana sales tax revenues wouldn't pay for needed regulation. But at least in month one, such concerns proved to be unfounded.

The retail pot sales launch resulted in a gusher of cash, with more than $3.5 million in tax revenues collected statewide. Moreover, those counties that embraced the industry, as opposed to banning it, have been rewarded with oodles of moolah, too -- none more so than Denver County, which has generated nearly $1 million.

We've included three Colorado Department of Revenue documents below in their entirety. But let's start with a graphic that summarizes the January findings. Note that the $3,519,756 total includes revenue from assorted retail marijuana revenue sources -- a 15 percent excise tax, a 10 percent special sales tax, the standard 2.9 percent sales tax and retail fees -- in addition to monies from the 2.9 percent medical marijuana sales tax and MMJ fees.

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Next, here's a graphic that further breaks down the total. Note that nearly $200,000 has already been earmarked for capital construction of schools.

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Click to enlarge.
The amount collected by county thanks to the 2.9 percent retail marijuana sales tax, supplemented by the extra 10 percent special tax, gives an indication of how the Mile High City currently dominates the pot industry landscape. Of the $1,608,224 total represented in the following graphic, well over half -- $985,407 -- came from Denver County:

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No wonder Denver received the single largest distribution of revenues to date -- $128,586 of $210,269 -- as depicted in this graphic:

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In a statement accompanying the release of this information, Barbara Brohl, executive director of the state revenue department, studiously avoids a whoopee! response. "The first month of sales for recreational marijuana fell in line with expectations," she's quoted as saying. She adds, "We expect clear revenue patterns will emerge by April and plan to incorporate this data into future forecasts."

The last part of this statement is prudent. We won't know for another few months if the numbers for January will reflect demand for marijuana over the long haul. Future revenues could be lower if the original excitement over retail marijuana sales proves ephemeral. But they could be go up, too. After all, the DOR's original projections called for forty businesses to be operating on January 1, the first day they could legally do so, but only 24 won approval on time. And while 59 businesses had filed a return by the end of January, more are coming on line every week, as reflected by our roster of recreational marijuana shops licensed by Denver thus far.

On January 1, there were eighteen. On February 4, there were 37. On February 27, there were 47. And the end's nowhere in sight.

Continue to see the complete Department of Revenue documents about Colorado marijuana sales in January.


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54 comments
shadowmythproduction
shadowmythproduction

Donkeyhotay, you are obviously a disinformationist. You use every stereotypical trick in the book. Is the low pay worth spreading meaningless propaganda for a government that cares so little for your rights as well?

RobertChase
RobertChase topcommenter

What we know about Denver's government and Colorado's government makes a case for continuing to deal with Mexican drug cartels instead.

Jen Lockhart McTighe
Jen Lockhart McTighe

I hope the sales stay up. I also think the world is watching, and people are talking, which is a good thing.

John Pinnick
John Pinnick

The Feds will legalize before 2017 because of the revenue Marijuana will bring in.

DonkeyHotay
DonkeyHotay topcommenter

$195,000.00 excise tax collected for School Construction ... only $39,805,000.00 more to go !!


Tax THE SHIT out of It !!

blendish
blendish

Rich people and poor people are smoking marijuana in Denver. Half the drivers in California are now driving while stoned by marijuana. Smoking marijuana may become a national crisis if the trend continues. There are better things to do that  benefit to our health. http://ow.ly/utRPG

Val Weitz
Val Weitz

You are 100% correct. Didn't mean to imply that the public can't request the figures. I was trying to say, that the state has no plans to issue a monthly tax report in any sort of neatly tabulated easily digestible format comparable to the one issued for January. I should have worded my statement differently.

William Breathes
William Breathes

That's not true at all. Tax revenue is public record and the figures will always be available at least upon request.

Monkey
Monkey

Every "news" source has it's own interpretations I guess. Yesterday, the Denver Post did the same article, but they emphasized that the taxes were about half of what was expected, and blamed it on only being the first month of sales. Hickenloopers office estimated the first 6 months at over $190 million, which would be impossible if January sales were to continue. They also did an informative piece on edibles, and how ridiculously inaccurate THC content was. I wonder what Westword's take on that would be? Should we expect an article about how great Colorado edibles are?  


Jonathan David Phillips
Jonathan David Phillips

i live in montrose and stood up at the council meeting to tell them it was a bad idea to ban it... typical arguments: regulation and control = good, grey market = bad, tax revenue, tourism, etc., etc.... their response? some melodramatic tripe about the [moral] cost of doing so. seriously. and afaik, they still get a cut of the tax revenue for our schools. it's good for our kids, though, and who is gonna get behind taking funding away from kids? oh wait...

Val Weitz
Val Weitz

Unfortunately we will never know. From what I've read, the state is not planning on disclosing the ammount of tax revenue they are collecting after this month. I'm sure the brain trust on cap hill has their own ideas. I have a feeling that roads and schools (beyond what they have been promised to placate the voters) is not a priority.

DonkeyHotay
DonkeyHotay topcommenter


Total Colorado State Sales, Use and Excise Taxes collected from all sources = $3.2 BILLION dollars!


That's BILLION with a B you brain-dead bong-sucking stoners!


That means your pathetic pot will earn only 1% of the total sales and excise taxes collected statewide ... 1 fucking percent!


LOL!





DonkeyHotay
DonkeyHotay topcommenter

So Bullshit Betty Aldworth WAS LYING when she falsely claimed that a handful of new recreational dispensaries did $5 million in sales in the first week of operation, even though it would have been physically impossible to handle that many customers.


And Wasteword obligingly regurgitated her pathetic lies, once again, without any demand of proof or journalistic fact-checking.

jag_21626
jag_21626

Out of all the cool states, lame ass Colorado had to be the first? uuuggghhh.

Shayne Barrett
Shayne Barrett

And this is just part of the impact the industry is having. Not only is it pumping revenue into the city, county and state, it is providing jobs. And, as The Denver Post reported this morning, the vacancy rate for industrial real estate in Denver is at it's lowest in decades, thanks to the need for grow warehouses. Yes, I think many of those that banned it will seriously be reconsidering their position on this. :)

James Gold
James Gold

Of course they'll reconsider. Money is what they're all about.

Gerri Calpin
Gerri Calpin

The amount collected by our state is staggering and hope it will be well used. these funds can be invested in a bank and the shop owners cannot!!!!!!!!

Scott McMahon
Scott McMahon

Yep every hypocritical politician and city council will be lining up to get their greedy hands on the money "pot", including Hickenlooper. I bet with the lack of transparency in some towns will even be buying in.

Deanna Angelo
Deanna Angelo

Why couldn't any of this cash they have to "decide where it goes" be put ahead of privatizing 36? Kind of interesting-I hope they are very transparent with their spending, because that whole charade about that highway getting outsourced to a foreign country is nothing less than shady.

GuestWho
GuestWho topcommenter

The results of an elective tax on the mathematically impaired.

LindaLee Law
LindaLee Law

Pimps . Did you hear the Phillip Morris is buying up strain's names. Would not buy from them, would you?

Michelle LaMay
Michelle LaMay

Governor Hickenlooper’s Amendment 64 and Proposition AA Implementation Budget Request of February 18, 2014, page 8 and 9, the cannabis industry revenue from the sale of cannabis in 2014-15 can be projected to be $957,658,586.00.

LindaLee Law
LindaLee Law

when it comes to 'the money', even the staunchest rep. and anti drug parent will vote in favor. We no longer have to get nickel and dimed to death by voting for tax increases. Schools get the first $0 mil

DonkeyHotay
DonkeyHotay topcommenter

@Jen Lockhart McTighe "I hope the sales stay up"


So do your part, Jen. Go pay 2x - 3x more for some overtaxed, over-regulated, government controlled warehouse schwag from some Greedy Big $$ Dispensary Cartel.


DonkeyHotay
DonkeyHotay topcommenter

... more clueless stoner idiocy.

MakesSense
MakesSense

@blendish Cool.That means LESS people are driving drunk and killing kids. Problem solved by the weed. Next?

DonkeyHotay
DonkeyHotay topcommenter

... so pull the figures that show that Bullshit Betty Aldworth was LYING when she claimed and promoted the absurd notion that a handful of recreational dispensaries grossed $5 million in the first WEEK of Jan.

DonkeyHotay
DonkeyHotay topcommenter

@Monkey  "They also did an informative piece on edibles, and how ridiculously inaccurate THC content was. I wonder what Westword's take on that would be? Should we expect an article about how great Colorado edibles are?  "


Michael "fluffmaster" Roberts will promote ANY LIE or DECEPTION, no matter how absurd, while pandering for the pot pimps.


The LIES and DECEPTIONS about supposed THC levels amount to CONSUMER FRAUD and should be prosecuted as such. The worst offenders are the phony sodas and elixirs, which when tested by Cannlabs were nearly vacant of THC.

DonkeyHotay
DonkeyHotay topcommenter

@Monkey  "Yesterday, the Denver Post did the same article, but they emphasized that the taxes were about half of what was expected"


You mean half of THE LIES and BULLSHIT that Prevaricating Pot Pimps like Bullshit Betty Aldworth and Mendacious Mason Tvert have been spewing with the help of idiot reporters like Michael "fluffy" Roberts and Bongsucker Billy Breathes.


.

michael.roberts
michael.roberts moderator editortopcommenter

Very interesting post, Jonathan. Thanks.

Reed
Reed

@DonkeyHotay  You complaining about additional money coming into the state -- no matter how low the percentage of the overall tax revenue -- shows how much you are pathetically flailing at this point.

Reed
Reed

@DonkeyHotay Prove that they didn't do $5 million in sales that first week. 

michael.roberts
michael.roberts moderator editortopcommenter

Be interesting to see if you're right, James. Thanks for posting.

DonkeyHotay
DonkeyHotay topcommenter

@Gerri Calpin "The amount collected by our state is staggering"


Staggeringly LOW! ... nearly inconsequential in a State with $3.2 BILLION in annual sales, use and excise tax collections.



michael.roberts
michael.roberts moderator editortopcommenter

Interesting question, Deanna. Thanks.

DonkeyHotay
DonkeyHotay topcommenter

@Michelle LaMay ... you're ignorant enough to believe the BULLSHIT hyped by Prevaricating Pot Pimps who don't even know how many eighths are in an ounce, aren't you?



DonkeyHotay
DonkeyHotay topcommenter

@LindaLee Law "Schools get the first $0 mil"


LOL!   .. your typo is close to the truth.


The only part that goes to School Construction is the EXCISE tax, and they only collected $195,000.00 ... that will be about $38 MILLION dollars SHORT of the $40 million annual that the lying asswipes who wrote that pathetic piece of shit A64 promised.



betty146
betty146

@DonkeyHotay  I was providing an estimate based on the best available information in a vacuum where hard data was nonexistent. Do you really find it all that hard to imagine that about 30% of sales happened in the first 20% of the month when thinking about what those lines looked like? No need to answer that--I'm certainly not going to engage in debate with you. 

GuestWho
GuestWho topcommenter

@DonkeyHotay   "The LIES and DECEPTIONS about supposed THC levels amount to CONSUMER FRAUD and should be prosecuted as such."


Agreed!  The corruption in the industry is justification for strict regulation, high taxes, and harsh punishments for violators.  I guess the A64 supporters knew what they were doing when they voted to give legislators and regulators absolute power over recreational marijuana.  Criminals need strict regulations and recreational marijuana purchasers are apparently willing to fund both the criminals and the regulators needed...plus they give even more money the legislators can dick around with as a bonus...all without complaining one bit even when it is obvious that little of it is working and they still can't even obtain a reliable product.  You can't make this shit up.


Why aren't more A64 supporters upset about the fraud in the marijuana industry...is it because they don't care?


Why is the newly created, horrible denver post spinoff thecannabist.co doing a significantly better job at marijuana reporting than the Westword, Toke of the Town, and other Village Voice media sources that have been at it for years...is it because they can't afford reporters like Joel Warner anymore?

DonkeyHotay
DonkeyHotay topcommenter

@Reed ... so you'd support the additional $$ -- no matter how low -- from legalized Cocaine, Heroin, Prostitution and Meth, eh?



Reed
Reed

@DonkeyHotay  In total the shops did $14,015,680 in one month, and you know as well as anyone else that the rush on dispensaries in the first week was huge compared to the remainder of the month. 


That the shops did $5 million in the first week is not hard to believe at all when you look at the math.

DonkeyHotay
DonkeyHotay topcommenter

@betty146 "I was providing an estimate based on the best available information in a vacuum where hard data was nonexistent"


Translation -- absent actual facts or data you simply FABRICATED BULLSHIT to fit your paid agenda of hype, exaggeration and lies.


Tell us again how Pat Robertson endorsed A64.


Tell us again how A64 would prevent 10,000 ARRESTS for marijuana every year in Colorado, while not repealing a single Felony Statute against pot, while not repealing a single Misdemeanor Statute against pot, while explicitly declaring that Driving under the Influence of Marijuana SHALL REMAIN ILLEGAL, while explicitly declaring that Public Use and Display are Not Legal, while explicitly declaring that all private sales between consenting adults are ILLEGAL, a felony for even selling a single gram,  while explicitly EXCLUDING ALL ADULTS under 21 from ANY LEGAL ACCESS to rec. pot, under CRIMINAL PENALTY of law -- the exact demographic that suffers the most arrests and prosecutions for marijuana crimes.


Tell us again how the excise tax could possibly generate $40 million per year for school construction.


No need for "hard data" or facts, it's a stoner world where lies, bullshit, false propaganda, and mathematical morons rule -- just MAKE IT UP! 


If you can "imagine" it, Betty, it must be true, so go ahead and spew it publicly ... for a paid $$ fee of course.


.

FreeTheWeed
FreeTheWeed

"Why is the newly created, horrible denver post spinoff thecannabist.co doing a significantly better job at marijuana reporting than the Westword, Toke of the Town, and other Village Voice media sources that have been at it for years."

Sad, pathetic and shameful ... yet 100% true!

.

GuestWho
GuestWho topcommenter

Sorry Westword...I've been trying to give you guys the benefit of the doubt but the non stop pro marijuana industry propoganda is beyond ridiculous.  The westword marijuana articles are extremely biased and obviously written to promote the marijuana industry.  It is a big deal that fraudulent products are being sold to marijuana consumers but the westword is ignoring it and is still pimping how the regulations are working and everything is great.  You've screwed over medical marijuana patients many times with your propoganda and now you're screwing over the recreational marijuana users.  Nice job.

DonkeyHotay
DonkeyHotay topcommenter

@Reed @DonkeyHotay  ... there were only about 12 shops open in the first few days, you stump-stupid stammering stoner.


Either Bullshit Betty Aldworth was LYING again, or the dozens of shops that opened in the subsequent weeks for recreational are engaged in MASSIVE TAX FRAUD!

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