* The Cannabist…
In 2017, Colorado eclipsed $1 billion in marijuana sales in eight months; in 2016, it took 10 months.
Colorado’s marijuana retailers logged upward of $1.02 billion in collective medical and recreational sales through August, according to The Cannabist’s extrapolations of state tax data released Wednesday. Year-to-date sales are up 21 percent from the first eight months of 2016, when recreational and medical marijuana sales totaled $846.5 million.
This year’s cumulative sales equate to more than $162 million in taxes and fees taxes and fees for Colorado coffers. […]
The special sales tax rate for recreational marijuana increased to 15 percent from 10 percent in July, as the result of a new law that also exempted recreational marijuana products from the 2.9 percent standard state sales tax. Medical marijuana and accessories are still subject to that 2.9 percent sales tax rate. […]
Here’s a look at Colorado’s previous cumulative yearly sales totals:
Illinois has more than twice Colorado’s population.
Right now, Illinois has decriminalization. But that means it’s not taxed and the production and distribution networks are controlled by criminals - and some of those criminals are violent people.