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Colorado Collected Over $274M in Tax Revenue from Cannabis Sales in 2023

The Marijuana Tax Reports show state tax and fee revenue collected monthly.

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The Colorado Department of Revenue (CDOR) releases November 2023 marijuana sales figures and December 2023 marijuana tax and fee revenue figures. In 2023, the state collected over $274 million in revenue compared with over $325 million in 2022 and an all-time high of $423 million in 2021. Here is the summary:

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%) on retail marijuana sold in stores, and the state retail marijuana excise tax (15%) on wholesale sales/transfers of retail marijuana. Fee revenue comes from marijuana license and application fees.

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