Cannabis Sales Hit New $117M High in Colorado

Colorado medical and recreational cannabis sales reached a new high in April, totaling $117.4 million worth of flower, edibles and concentrates. This is the highest monthly total since recreational sales began in 2014…

Colorado Marijuana Taxes Generate Nearly $1 Billion

2015 was a big year for Colorado medical and recreational marijuana sales. According to the state Department of Revenue, $996,184,788 worth of marijuana was sold in the state last year. That’s a huge uptick from 2014, when cannabis shops sold more than $699 million…

Numbers Announced for First Month of Medical Marijuana Sales in Illinois

It’s been a big month for medical marijuana in Illinois. Patients bought approximately $801,000 in legal weed during the first month of sales in Illinois, generating nearly $56,550 in taxes for the state…

Colorado & Washington Legal Cannabis Set Records

As the summer comes to an end, legal cannabis markets continue to surprise us by posting bigger and bigger income numbers. Colorado’s pot tourists set a huge high mark with $56.4 million in legal recreational cannabis sales in July alone. Not to mention medical cannabis in Colorado which brought in its own whopping $40 million in taxes. With these record numbers, its not hard to believe the industry could potentially cross the billion dollar mark by the end of this year…

September 16th – Colorado’s Cannabis Tax Day

Due to a tax law in Colorado known as the tax payers bill of rights (or TABOR), the state will be forced to give a one-day reduced sales tax day on recreational cannabis. The TABOR laws require any new tax law, including cannabis, to be voted on. Rather than wait, state officials decided to allow legal cannabis dispensaries one day without the state’s marijuana taxes…

Colorado to Offer One-Day Tax Holiday for Marijuana

According to an article published in the Denver Post, Colorado will be offering a one-day tax holiday for marijuana sales on September 16th, 2015. Thanks to a mix of a quirk in the state’s constitution, and an excess of tax funds as outlined by TABOR (tax payors bill of rights), the state expects to give a one-day tax reduction of close to $3.6 million…