How much money does Colorado make from alcohol?

How much money does Colorado make from alcohol?

The excess revenue goes to the general fund. Alcohol sales, use and excise taxes were $46 million in 2017 for Colorado, and $47 million in 2018. Medical marijuana sales tax was $12 million in 2017, and $16 million in 2018. Retail marijuana excise was $71 million in 2017 and $68 million in 2018.

How much do Colorado dispensaries make?

Dispensary Salary in Colorado

Annual Salary Monthly Pay
Top Earners $70,931 $5,910
75th Percentile $50,262 $4,188
Average $47,550 $3,962
25th Percentile $27,245 $2,270

How much does it cost to start a dispensary in Colorado?

Step 5: Time to Apply for a License

License Type Application Fee Total
Registration of Owner $800 $800
Owner License Renewal $500 $500
Registration of Employee $100 $100
Employee License Renewal $75 $75

How much do Colorado Budtenders make?

How much does a Budtender make in Colorado? The average Budtender salary in Colorado is $36,070 as of September 27, 2021, but the range typically falls between $32,129 and $40,239.

How are budtenders paid?

COMPENSATION. We collected the average pay for budtenders from legal cannabis businesses across the U.S. Budtenders are typically paid hourly. From our data, we found that budtenders make on average, $14.90 per hour. Some companies pay closer to $12.50 per hour, while others paid up to $18 per hour.

How much does it cost to become a budtender in Colorado?

Anyone who seeks to become an employer of a cannabis enterprise, such as a budtender or dispensary employee, needs to fill out this Employee License Application. The fee is $100 for first-timers and $75 for renewals. You’ll need to prove that you’re a Colorado resident (which requires a Colorado driver’s license).

What do you need to become a budtender?

The educational requirements for a budtender are varied by state and dispensary; however, individuals will need at least a high school diploma. Previous experience as a cashier or with customer service may be helpful for this customer-facing job.

How much is the tax on marijuana in Colorado?

Colorado’s marijuana tax is structured as: A 15 percent excise tax on the “average market rate” of wholesale marijuana, plus A 10 percent state tax on retail marijuana sales, plus The state sales tax of 2.9 percent, plus Local sales taxes, plus Local marijuana taxes such as a 3.5 percent tax in Denver.[8]

How much does cannabis cost in Colorado?

Colorado’s weed is getting much cheaper. In October, the cost of a wholesale pound of cannabis was around $2,400 to $2,600. That price has almost been cut in half to between $1,400 and $1,600 last month, according to data from Tradiv, an online marijuana-distribution platform.

Are cannabis taxes too low?

If taxes on legal cannabis sales are too low, there is concern that the government will not earn that much revenue. Low taxes may also make it look like the government is promoting cannabis use.

What is the revenue of marijuana in Colorado?

Colorado passes $1 billion in marijuana state revenue. Colorado revenue from marijuana sales experienced its two highest-grossing months in April and May, with roughly $24 million in total state revenue from cannabis each month.