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

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

State of Colorado

Marijuana Taxes, Licenses, and Fees Transfers and Distribution

January 2014 Sales Reported in February

February 2014 Reported February 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

TAXESSales 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*

$           1,330,209                913,519416,690

$           1,401,568                210,269             1,191,534

(236)

$             195,318                195,286

32

$                     –$                     –

$                     –

$   1,330,209        913,519416,690

$   1,401,568        210,269     1,191,534

(236)

$     195,318        195,286

32

N/AN/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

$       7,109,879          6,693,189             416,690$       1,401,568              210,269           1,191,534

(236)

$           195,318              195,286

32

$                   –$                   –

$                     –

$     7,109,8796,693,189           416,690

$     1,401,568          210,269       1,191,534

(236)

$       195,318          195,286

32

N/AN/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) $             2,927,095 $                     – $   2,927,095 N/A $         8,706,764 $                     – $       8,706,764 N/A
1314

15

LICENSES AND FEESLicense and Application Fees Transfer to Marijuana Cash Fund (14+15)

Medical Marijuana

Retail Marijuana

$               592,661496,361                   96,300 $               253,606253,606 $     339,055242,755           96,300 133.7%95.7%

N/A

$         6,091,4434,090,593

2,000,850

$         2,791,3672,791,367 $       3,300,0761,299,226

2,000,850

118.2%46.5%

N/A

TAXES, LICENSES, AND FEES TOTALS
16 Total Marijuana Cash Fund Transfers (1+6+10+13) $             3,114,404 $               253,606 $   2,860,798 1128.0% $       14,392,855 $         2,791,367 $     11,601,488 415.6%
17 Total All Marijuana Taxes, Licenses, and Fees (12+13) $             3,519,756 $               253,606 $   3,266,150 1287.9% $       14,798,207 $         2,791,367 $     12,006,840 430.1%

* 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: March 2014

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