Colorado’s Marijuana Tax Revenue Now Exceeds Half a Billion Dollars

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Colorado’s Marijuana Tax Revenue Now Exceeds Half a Billion Dollars

Pixabay / RJA1988 / CC0 Public Domain

These days, cannabis is Colorado’s cash crop. In the three-and-a-half years since the state began allowing adults to purchase marijuana for recreational use, cannabis has contributed more than half a billion dollars in tax revenue to both state and local coffers.

That’s according to a report released Wednesday by the Denver-based marijuana consulting firm VS Strategies. Based on data from the Colorado Department of Revenue, the firm tabulated that cannabis-related taxes from 2014 through mid-2017 totaled $506,143,635.

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