Colorado voters reject marijuana tax hike, two other statewide ballot measures
ColoradoMarijuana Industry News November 6, 2021 0
Other measures would have reduced property tax assessment rates, required all state spending to go through legislature Colorado voters defeated Proposition 119, a proposed increase to the state’s retail marijuana sales tax that would have helped fund out-of-school learning efforts, as well as the two other statewide measures in... Read more
Cannabis legalization is spreading through the United States rapidly, with states initiating medical marijuana programs or expanding to allow adult-use cannabis. This year alone, New York, New Jersey, and Connecticut all voted to legalize recreational cannabis. Now, most states have some form of established cannabis program, either medical or... Read more
Marijuana sales drop in Colorado after huge surge in July
ColoradoMarijuana Industry NewsRecreational Marijuana October 14, 2021 0
Medical and retail marijuana sales fell in August for the second consecutive year, while the state’s tax and fee revenue also declined, according to the Colorado Department of Revenue’s September report. Prior to last year, marijuana sales throughout the month of August had continuously increased from the previous month since... Read more
Proposition 119: Voters to decide whether to raise marijuana taxes to pay for out-of-school learning
ColoradoMarijuana Industry News October 7, 2021 0
Colorado voters will decide next month whether to raise taxes on recreational marijuana to help fund a new state program aimed at providing Colorado students with out-of-school learning opportunities. The program, called Learning Enrichment and Academic Progress, or LEAP, would pay service providers, like private tutoring companies or even... Read more
Did Colorado’s Marijuana Industry Finally Plateau Over the Summer?
ColoradoMarijuana Industry NewsRecreational Marijuana October 1, 2021 0
Colorado sales figures and budget predictions show that the marijuana industry’s growth is finally flatlining after COVID-19’s sales boost. Unlike much of the economy, the cannabis industry largely benefited from the COVID-19 pandemic, with Colorado dispensaries breaking records on their way to nearly $2.2 billion in sales last year. Those strong sales... Read more
Colorado sold $202M of marijuana in July but sales continue to slow
ColoradoMarijuana Industry NewsRecreational Marijuana September 14, 2021 0
Colorado registered more than $202 million in marijuana sales in July, the state Department of Revenue (DOR) said on Friday. The total represents a month-over-month sales increase of 8%, with the largest increase coming from the recreational side. Colorado sold more than $167 million in recreational marijuana compared to... Read more
