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

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

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

State of Colorado

Marijuana Taxes, Licenses, and Fees Transfers and Distribution

May 2014 Sales Reported in June

June 2014 Reported June 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*

$           1,569,454                927,330

642,124

$           2,070,577                315,356             1,787,025

(31,804)

$           1,135,648              1,135,718

(70)

$                     –

$                     –

$                     –

$   1,569,454        927,330

642,124

$   2,070,577        315,356     1,787,025

(31,804)

$   1,135,648      1,135,718

(70)

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

$       13,268,876        10,562,577           2,706,299

$       9,023,352          1,353,571

7,668,035                 1,746

$       3,014,839          3,012,860

1,979

$                   –

$                   –

$                     –

$   13,268,876      10,562,577

2,706,299

$     9,023,352

1,353,571

7,668,035               1,746

$     3,014,839

3,012,860

1,979

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) $             4,775,679 $                     – $   4,775,679 N/A $       25,307,067 $                     – $     25,307,067 N/A
13

14

15

LICENSES AND FEES

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

Medical Marijuana

Retail Marijuana

$             940,028

867,178                  72,850

$             317,898

317,898

$     622,129

549,279           72,850

195.7%

172.8%

N/A

$       9,553,768

7,128,568

2,425,200

$       4,078,875

4,078,875

$     5,474,893

3,049,693

2,425,200

134.2%

74.8%

N/A

TAXES, LICENSES, AND FEES TOTALS
16 Total Marijuana Cash Fund Transfers (1+6+10+13) $             4,296,507 $               317,898 $   3,978,608 1251.5% $       30,490,679 $         4,078,875 $     26,411,804 647.5%
17 Total All Marijuana Taxes, Licenses, and Fees (12+13) $             5,715,707 $               317,898 $   5,397,808 1698.0% $       34,860,835 $         4,078,875 $     30,781,960 754.7%

* 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: July 2014

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