Quantcast
Get breaking news alerts via email

Click here to manage your alerts
Colorado county is first to report pot taxes
First Published Feb 25 2014 11:36 am • Last Updated Feb 26 2014 08:38 am

Denver • A southern Colorado county with two recreational marijuana stores has become the first in the state to announce tax totals from the new industry.

Pueblo County finance authorities announced Monday that its two shops had about $1 million in total sales in January, producing about $56,000 in local sales taxes.

Join the Discussion
Post a Comment

Pueblo County is the only place between Denver and the New Mexico state line that currently allows recreational pot stores. Its two shops were to be joined by three more opening in February.

"We recognize that the eyes of the world are watching us, and we are proud to have erected a robust regulatory environment in Pueblo County," County Commissioner Sal Pace said in a statement Tuesday.

Pueblo County Clerk Gilbert "Bo" Ortiz projected the marijuana industry will generate roughly $670,000 in new tax revenue for his county this year. The money is a combination of a 3.5 percent pot sales tax approved by county voters last year, as well as "share-backs" from the state on general and pot-specific sales taxes.

If Pueblo’s sales continue at the January pace, the county’s pot industry will make about $11.2 million in gross sales in 2014, Ortiz projected.

Colorado has more than 160 licensed recreational pot stores, all of whom had to report sales taxes Feb. 20. Most of the stores are in Denver County, which hasn’t yet reported its January tax haul.

Pueblo County is the first local government to make its recreational marijuana sales tax totals public. Statewide totals are expected early next month.

Pueblo officials joked about the pot tax haul Monday in a county finance meeting.

"The irony is that the only new revenue we have coming in is in marijuana, and yet we have to open a new judicial building," Commissioner Liane "Buffie" McFadyen quipped, according to a report Tuesday in The (Pueblo) Chieftain.


story continues below
story continues below

County Budget and Finance Director Cal Hamler replied, "We’re going to have to sell more weed."



Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment


About Reader Comments


Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Videos
Jobs
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.