A 15% excise tax on recreational cannabis sales was one of many provisions in Colorado’s Amendment 64, the legalization law that took effect statewide in 2014. And, according to the initiative, the first $40 million raised through that 15% tax would be slotted specifically for Colorado public schools.

Now — according to Ricardo Baca, editor of The Cannabist — it appears 2016 is shaping up to be the first year that Colorado schools can expect the full $40 million that was loudly touted by cannabis activists during the state’s 2012 legalization push.

In 2014, that specific tax totaled $13.3 million; in 2015, it increased to $35 million.

“We would be confident that at the current growth trend rates it’s going to exceed $40 million this year,” said Roy Bingham, founder of Boulder-based BDS Analytics. “We’re not big prognosticators of the future, but you can more or less draw a straight line of this year’s growth on the adult-use side and assume that that trend, even if it slows down a little, will grow and eventually exceed $40 million. That would be a growth of only 12 percent on the year, and it’ll be a lot more than that.”

Recent data from Colorado’s Department of Revenue indicates that Colorado retailers sold more than $88 million in cannabis products during January, 2016. Meanwhile, total Colorado cannabis sales during 2015 were just a hair under $1 billion.

So there you have it: cannabis legalization — and the subsequent effects of regulation — is working.

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    We help our clients win by outsmarting and outmaneuvering the competition rather than outspending them. That’s our specialty. Through a strategic mix of marketing disciplines, all working together to create real momentum that give our clients a critical competitive advantage in the marketplace. MedMen, Cloudponics, Style & Stigma. We take great pride in the work we do and accountability for the opinions we shape. We have fun doing it. And we hope it shows.

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    Nutra FS is a full-service cannabis facility planning and construction management firm. We create successful plans for various permit applications, including administrative, conditional use, building, health, and fire. Our diverse team will help carry you through to your project realization with services offered for cGMP, feasibility, design/build, workflow efficiency, technical writing for local and state applications. You have a vision. We have a solution.

  • Proteus 420

    Proteus420 is the only real-time, fully featured business solution that has been created specifically for the Medical Marijuana Industry.Both powerful and secure, we can assist all levels of business from Dispensary to Delivery through our medical marijuana and dispensary software, and provide all the tools you will need to save your business Time and Money!

  • CO2Meter

    CO2Meter, Inc. is a Florida based business specializing in the design and manufacturing of gas detection and monitoring devices – mainly Carbon Dioxide. Our CO2 monitors satisfy the current fire code regulations necessary for all cannabis grow house and extraction facilities. Our business partners in agriculture, HVAC, science, safety, research, pharmaceuticals, beverage, and other fields find our devices to be highly accurate and cost effective.

  • Dispensary Permits

    DispensaryPermits.com offers “seed to sale” consulting services with hands on support to medical marijuana entrepreneurs. Whether you are looking to break into the industry or you have previous experience with owning or operating a dispensary, cultivation, manufacturing or testing facility; our custom crafted solutions provide support and guidance for both novice and expert medical marijuana entrepreneurs.

  • Headset

    Headset is the first real-time business intelligence and analytics service for the cannabis industry. We are a data-driven cannabis tech company and we’re passionate about helping the industry succeed. Our services cover an array of specialized needs that businesses in the industry have, be they growers, extractors, processors, or retailers.

  • IndicaOnline

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  • Harbor Collective MMCC

    Harbor Collective is your Downtown San Diego dispensary. 100% LEGAL! Voted Best City-Approved Medical Marijuana Dispensary in San Diego. Harbor Collective MMCC provides quality flowers of Indica, Sativa and Hybrids. We also have a wide selection of Moon Rocks, Cartridges, Edibles, Topicals, Pre-Rolls, Extract Wax and Extract Concentrates. We carry a selection of clones for sale but they sell fast so back orders are sometimes expected. We have great deals on Eternal Cartridges at 4 for $100! and much more! View our special offers page to benefit from our friendly hearts.

  • Green Fields Accounting

    We have a full bookkeeping service to help you keep your financial statements compliant. We are also experts in taxation. We keep informed of all the latest industry tax changes. We are also Enrolled Agents who are experts in defending our clients in audits with the IRS. We can also help with sales and excise taxes applicable to your business. We will make sure you understand Form 8300 and take care of the e-filing of this form.

  • Cannabis Tax Solutions

    We are Cannabis Industry Financial Experts helping CEO's transform their business by saving tons on taxes, increasing cash flow, enhancing margins, and improving processes. We go beyond Section 280e issues; your problems are our solutions.

  • HerbTools

    HerbTools is one of the largest online head shops specializing in all varieties of smoking accessories. Our bong shop has been distributing products worldwide at competitive rates since 2012. Customer service has always been our key priority and we ensure our products reach every customer in impeccable condition.

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