State of Colorado February 2014 Sales Reported – Marijuana Taxes, Licenses, and Fees Transfers and Distribution

State of Colorado February 2014 Sales Reported – Marijuana Taxes, Licenses, and Fees Transfers and Distribution

State of Colorado February 2014 Sales Reported – Marijuana Taxes, Licenses, and Fees Transfers and Distribution

State of Colorado

Marijuana Taxes, Licenses, and Fees Transfers and Distribution

February 2014 Sales Reported in March

March 2014 Reported March 2013 Reported Change Year-to-Date FY2013-14 Year-to-Date FY2012-13 Change
$ % $ %
Line

1

2

3

4 5

6

7

8 9

10

11

TAXES

Sales Tax Transfer to Marijuana Cash Fund (2.9% rate) (2+3)   Medical Marijuana   Retail Marijuana

Retail Marijuana Sales Tax (10% rate) (5+6+7)  Local Government Distribution (15% of Total) *   Marijuana Cash Fund Transfer (85% of Total) *   Collections Not Yet Allocated**

Retail Marijuana Excise Tax (15% rate) (9+10+11)

Public School Capital Construction Assistance Fund Transfer

Marijuana Cash Fund Transfer

Collections Not Yet Allocated**

$             1,460,429              1,022,176                 438,253

$             1,434,916                212,674             1,210,786                   11,455

$             339,615                339,531

84

$                     –

$                     –

$                     –

$   1,460,429      1,022,176         438,253

$   1,434,916        212,674     1,210,786           11,455

$     339,615        339,531

84

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

$         8,570,308          7,715,365             854,943

$         2,836,482              422,943           2,402,320               11,219

$           534,933              534,849

84

$                   –

$                   –

$                     –

$     8,570,308

7,715,365           854,943

$       2,836,482          422,943       2,402,320             11,219

$       534,933          534,849

84

N/A

N/A N/A

N/A

N/A

N/A N/A

N/A

N/A

N/A

N/A

12 Total Marijuana Tax Transfers and Distributions (1+4+8) $             3,234,960 $                     – $   3,234,960 N/A $       11,941,723 $                     – $     11,941,723 N/A
13

14

15

LICENSES AND FEES

License and Application Fees Transfer to Marijuana Cash Fund (14+15)

Medical Marijuana

Retail Marijuana

$             857,615

754,165

103,450

$             292,476

292,476

$     565,139

461,689

103,450

193.2%

157.9%

N/A

$       6,949,058

4,844,758

2,104,300

$       3,083,843

3,083,843

$     3,865,215

1,760,915

2,104,300

125.3%

57.1%

N/A

TAXES, LICENSES, AND FEES TOTALS
16 Total Marijuana Cash Fund Transfers (1+6+10+13) $             3,528,830 $               292,476 $   3,236,354 1106.5% $       17,921,686 $         3,083,843 $     14,837,843 481.1%
17 Total All Marijuana Taxes, Licenses, and Fees (12+13) $             4,092,575 $               292,476 $   3,800,099 1299.3% $       18,890,781 $         3,083,843 $     15,806,938 512.6%

* A processing issue caused $844 to not be distributed to local governments.  This issue affects the precision of the calculation to distribute the sales tax.  The $844 will be properly distributed next month.

** Indicates those receipts that have posted to the accounting system but have not yet been reconciled to the relevant sales/excise tax return. These receipts may affect the precision of the calculations to transfer or    distribute the sales/excise taxes to their proper disposition.

Source: Colorado Department of Revenue

Prepared by: Office of Research and Analysis, (303) 866-5777 or dor_ora@state.co.us

Publish date: April 2014

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