Denver • Colorado collected slightly more than $2 million in taxes on the sale of recreational marijuana in the month of January, according to new figures released by the state Monday.
The numbers are the first time an official tally has been put on the value of the historic January sales. But they are also below the amounts that previous estimates have predicted Colorado could reap from the sale of marijuana to anyone 21 and older.
In January, Colorado collected $1.4 million from a special 10 percent sales tax on recreational marijuana, plus another $416,690 from the state's standard 2.9 percent sales tax, according to a news release Monday from the Colorado Department of Revenue. Extrapolating from those figures, it means recreational marijuana businesses that submitted tax returns in January did slightly more than $14 million in retail sales during the month.