Marijuana sales have raised more than $3 billion in tax and fee revenue according to Colorado Department of Revenue (DOR) data.
In its monthly marijuana sales and tax revenue report, Department of Revenue figures show that tax revenue since legalization reached $3,012,831,657 after sales in July generated $20,354,753.
The Marijuana Sales Reports summarize total sales made by medical and retail marijuana stores monthly by county. The Marijuana Tax Reports show state tax and fee revenue collected monthly as posted in the Colorado state accounting system. Tax revenue comes from the state sales tax (2.9%) on marijuana sold in stores, the state retail marijuana sales tax (15%), and the state retail marijuana excise tax (15%) on wholesale sales/transfers of retail marijuana. Marijuana license and application fees generate the fee revenue.
