GREY:MRRCF - Post by User
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mudpuppyon Jan 01, 2019 10:09am
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Post# 29174469
denver mj statistics for first 5 years of legalization
denver mj statistics for first 5 years of legalization In just a few days, Denver will hit the five-year mark for the country's first commercial cannabis market. Jan. 1 is the anniversary of legal and recreational marijuana in Colorado. As Denver approaches the milestone, the city shared the following statistics looking back over the years:
- Recreational marijuana sales in Denver 2014-2017: $1.038 billion
- Recreational marijuana sales in Denver Jan.-Oct. 2018: $327 million
- Total combined recreational and medical marijuana sales in Denver 2014-Oct. 2018: $2.28 billion
- Recreational and medical marijuana revenue for Denver combining sales tax, state share back, licensing fees and Denver’s special tax on recreational marijuana 2014-Oct. 2018: $173.1 million
- Tax revenue budgeted for key marijuana management elements of regulation, enforcement and education in Denver 2014-2018: $36.6 million
- There are currently 216 locations where medical and/or recreational marijuana can be purchased in Denver
my summary:
medical mj received 2/3 as much revenue as rec, but I assume profit margins are greater making it more profitable than rec
216 locations in one city
23% actual sales tax on mj sales in denver ($48M for 2018)