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Started By
Message
re: CO Annual Marijuana Sales Top $1B For First Time
Posted on 12/13/16 at 10:14 am to ColoradoAg03
Posted on 12/13/16 at 10:14 am to ColoradoAg03
Why don't these numbers jive?
$1B in sales. 12.9% sales tax. and only $50M in taxes collected?
$1B in sales. 12.9% sales tax. and only $50M in taxes collected?
2
Posted on 12/13/16 at 10:17 am to colorchangintiger
quote:
Why don't these numbers jive?
$1B in sales. 12.9% sales tax. and only $50M in taxes collected?
Medical isn't taxed. Also, it's not including sales tax and local taxes. It's just the reefer tax. It's also not including income tax from business and employees. Do the total generated tax revenue is much higher.
Posted on 12/13/16 at 10:18 am to colorchangintiger
quote:
$1B in sales. 12.9% sales tax. and only $50M in taxes collected?
I could be wrong but I am pretty sure sales tax is done periodically and not month to month.
So they haven't collected on all of that 1b yet
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