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

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

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

State of Colorado

Marijuana Taxes, Licenses, and Fees Transfers and Distribution

July 2014 Sales Reported in August

August 2014 Reported August 2013 Reported Change Year-to-Date FY2014-15 Year-to-Date FY2013-14 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*

$             1,659,789                838,711                 821,078

$           2,970,183                443,498             2,513,164                   13,521

$           1,397,930              1,399,496

(1,566)

$                     –

$                     –

$                     –

$   1,659,789        838,711         821,078

$   2,970,183        443,498     2,513,164           13,521

$   1,397,930      1,399,496

(1,566)

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

$         3,190,757          1,669,572           1,521,185

$       5,443,809              811,729           4,599,812               32,269

$       2,367,567          2,363,047

4,520

$                   –

$                   –

$                     –

$   3,190,757

1,669,572     1,521,185

$   5,443,809        811,729     4,599,812           32,269

$   2,367,567

2,363,047

4,520

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) $             6,027,901 $                     – $   6,027,901 N/A $       11,002,133 $                     – $ 11,002,133 N/A
13

14

15

LICENSES AND FEES

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

Medical Marijuana

Retail Marijuana

$           1,379,549

910,549

469,000

$             469,590

469,590

$     909,959

440,959

469,000

193.8%

93.9%

N/A

$       2,927,402

1,950,912             976,490

$           901,826

901,826

$   2,025,576

1,049,086         976,490

224.6%

116.3%

N/A

TAXES, LICENSES, AND FEES TOTALS
16 Total Marijuana Cash Fund Transfers (1+6+10+13) $             5,552,502 $               469,590 $   5,082,912 1082.4% $       10,717,971 $             901,826 $   9,816,145 1088.5%
17 Total All Marijuana Taxes, Licenses, and Fees (12+13) $             7,407,450 $               469,590 $   6,937,861 1477.4% $       13,929,535 $             901,826 $ 13,027,709 1444.6%

* 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, dor_ora@state.co.us

Publish date: September 2014

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