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Tax Tips & News: colorado

How Taxes on Recreational Marijuana Are Boosting Colorado’s Economy

4 minutes read

It’s Early, But The Weed Tax Is A Windfall For States

The numbers are in, and the legal sale of recreational marijuana is, by all accounts, a success in Colorado, having earned $2 million in taxes related to the sale of recreational marijuana in just the first month of 2014. Unlike Washington State, which legalized the sale of recreational marijuana in the same 2012 election, Colorado taxes marijuana at a variety of levels: there is a 10% statewide sales tax for recreational marijuana in...

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