Colorado Medical Marijuana Sales Tax Sees December Decline

Colorado medical marijuana related sales taxes saw a decline in December of 2010, despite being up by over 450% since 2009.

Surprising to many, medical marijuana sales tax in Colorado ended on a down note. Colorado Springs' city government, for instance, took in only $52,052 this December, compared to the $56,782 that the city government of Colorado Springs collected from medical marijuana related taxes in November. This marks a decrease of $4,730 in medical marijuana related tax revenue for the city of Colorado Springs, the largest month-to-month decrease experienced in 2010.

Nevertheless, the city government of Colorado Springs did manage to generate a considerable sum of through the taxation of Colorado medical marijuana dispensaries, doctor referral agencies, cultivators, patients and other medical marijuana related businesses and purchases. Such taxation of medical marijuana in Colorado Springs earned the city government $488,382. This is over 450% more than the 2009 total of $85,040.

Over the course of several years, Colorado Springs medical marijuana sales tax climbed to a peak of $56,992 in September of 2010, and finished the year relatively even after several ups and downs.

Follow the link below to find more about Colorado medical marijuana, dispensaries, and other Colorado mmj businesses in Colorado Springs, Denver, Arvada, Idaho Springs, Parker, Fort Collins, Englewood, Littleton, Steamboat Springs, Aspen and across the rest of beautiful Colorado.

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