During Colorado News Today : Breaking News, Live Updates & Top Stories | Vimarsana

During Colorado’s 2022-23 fiscal year, the state collected more sales tax revenue from cannabis than it did from both cigarettes and alcohol, according to a new report from the Colorado General Assembly. In fact, weed tax revenue brought in almost as much as the other two vice taxes combined. Together, cigarette and alcohol taxes totaled $290 million, while cannabis raked in $282.3 million.Marijuana does have an edge when it comes to raising sales tax revenue. While cigarettes and alcohol are both taxed at just 2.9%, cannabis has a 15% retail sales tax. But this is the second fiscal year tha...

During Colorado’s 2022-23 fiscal year, the state collected more sales tax revenue from cannabis than it did from both cigarettes and alcohol, according to a new report from the Colorado General Assembly. In fact, weed tax revenue brought in almost as much as the other two vice taxes combined. Together, cigarette and alcohol taxes totaled $290 million, while cannabis raked in $282.3 million.Marijuana does have an edge when it comes to raising sales tax revenue. While cigarettes and alcohol are both taxed at just 2.9%, cannabis has a 15% retail sales tax. But this is the second fiscal year tha...

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