Colorado Tax Revenues Set to Reach $125 Million in 2015

Colorado pot tax revenues may have fallen short of expectations in 2014, but things have certainly turned around this year.

The state is likely to double its tax revenues this year: after collecting just $44 million last year, the projected 2015 windfall is $125 million.

The state had hoped to make $70 million last year, but it looks as though this year will more than make up for the difference.

Financial data released last week also showed that Colorado made significantly more tax money from marijuana ($70 million) than from alcohol ($42 million) between July 2014 to June 2015.

The president of the Colorado Cannabis Chamber of Commerce, Tyler Henson, stated that the increase in marijuana sales this year is likely due to “more and more people [becoming] comfortable with the legalization of marijuana.”


Photo Credit: ND Strupler

Get daily cannabis business news updates. Subscribe

Have an additional perspective to share? Send us a message to let us know, and if your comment is chosen by our editors it could be featured here.


Ganjapreneur is made possible by our partners:

Latest Cannabis News

View all news Get email updates

Featured Business Profiles

Create a profile View all categories

From Our Partners