In 2022-2023 Colorado Collected Over $280 Million on Marijuana Taxes

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Marijuana was officially the state’s most lucrative “vice tax” last year. 

Colorado made more in tax revenue from marijuana in the 2022-23 fiscal year than from either alcohol or cigarettes and nearly as much as the two combined. The state collected $282 million in tax revenue from marijuana, nearly $50 million more that it collected from cigarettes and over $226 million more than it collected from alcohol. 

Together, cigarettes and alcohol taxes totaled $290 million in tax revenue.    

Dan R