Colorado cannabis has raised more than $200M in tax revenue
Boulder and Larimer counties are two of the highest-grossing counties for cannabis-related tax revenue in Colorado.
Denver, Arapahoe, Boulder, Jefferson and Larimer counties are the top bringers for cannabis taxes since cannabis was legalized in 2014, according to New Frontier Data, which collects data on the cannabis industry.
Denver far and away brings in the most revenue, with $87.6 million, followed by Arapahoe at $20.9 million, then Boulder at $19.3 million. Jefferson has brought in $12.8 million, and Larimer County has brought in $11.1 million. Denver’s success can be attributed to its higher density of cannabis businesses compared with other counties.
SPONSORED CONTENT
In all, Colorado has collected $236 million from its 2.9 percent sales tax and 10 percent retail tax since marijuana was legalized in 2014.
Colorado’s coffers are expected to grow thanks to cannabis: Effective July 1, the retail marijuana tax was increased to 15 percent, as a way to address budgetary shortfalls.
Boulder and Larimer counties are two of the highest-grossing counties for cannabis-related tax revenue in Colorado.
Denver, Arapahoe, Boulder, Jefferson and Larimer counties are the top bringers for cannabis taxes since cannabis was legalized in 2014, according to New Frontier Data, which collects data on the cannabis industry.
Denver far and away brings in the most revenue, with $87.6 million, followed by Arapahoe at $20.9 million, then Boulder at $19.3 million. Jefferson has brought in $12.8 million, and Larimer County has brought in $11.1 million. Denver’s success can be attributed to its higher density…
