First Colorado County Reports Pot Taxes
DENVER (AP) — 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.
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.