Colorado Marijuana Tax Revenue Peaked at $302 Million in 2019

Colorado raked in more than $302 million in taxes on marijuana sales in 2019, an all-time high for the state’s industry.

The state has brought in more than $1.2 billion in marijuana taxes on nearly $8 billion in sales since recreational cannabis sales were legalized in 2014, according to data released Tuesday by the state Department of Revenue.

• On a percentage basis, Colorado’s marijuana sales and tax revenues outpace those of other states where cannabis is legal “because of the maturity of the market,” Truman Bradley, executive director of the Marijuana Industry Group, said Wednesday.
• Colorado’s ...