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

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

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

State of Colorado

Marijuana Taxes, Licenses, and Fees Transfers and Distribution

June 2014 Sales Reported in July

July 2014 Reported July 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*

$           1,530,968                830,861

700,107

$           2,473,627                368,231             2,086,648                   18,747

$             969,637                963,551

6,086

$                     –

$                     –

$                     –

$   1,530,968        830,861

700,107

$   2,473,627        368,231     2,086,648           18,747

$     969,637        963,551

6,086

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

$       1,530,968              830,861

700,107

$       2,473,627              368,231           2,086,648               18,747

$           969,637              963,551

6,086

$                   –

$                   –

$                     –

$   1,530,968        830,861

700,107

$   2,473,627        368,231     2,086,648           18,747

$     969,637        963,551

6,086

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) $             4,974,232 $                     – $   4,974,232 N/A $         4,974,232 $                     – $   4,974,232 N/A
13

14

15

LICENSES AND FEES

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

Medical Marijuana

Retail Marijuana

$           1,547,853

1,040,363                507,490

$             432,237

432,237

$   1,115,617

608,127

507,490

258.1%

140.7%

N/A

$       1,547,853

1,040,363             507,490

$           432,237

432,237

$   1,115,617

608,127

507,490

258.1%

140.7%

N/A

TAXES, LICENSES, AND FEES TOTALS
16 Total Marijuana Cash Fund Transfers (1+6+10+13) $             5,165,469 $               432,237 $   4,733,233 1095.1% $         5,165,469 $             432,237 $   4,733,233 1095.1%
17 Total All Marijuana Taxes, Licenses, and Fees (12+13) $             6,522,085 $               432,237 $   6,089,848 1408.9% $         6,522,085 $             432,237 $   6,089,848 1408.9%

* 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: August 2014

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