Recreational Marijuana Tax Revenue Forecast Experience from Colorado - - PowerPoint PPT Presentation
Recreational Marijuana Tax Revenue Forecast Experience from Colorado VERMONT SENATE FINANCE COMMITTEE L A R S O N S I L B A U G H S E N I O R E C O N O M I S T C O L O R A D O L E G I S L A T I V E C O U N C I L J A N U A R Y 2 0 , 2
VERMONT SENATE FINANCE COMMITTEE
L A R S O N S I L B A U G H S E N I O R E C O N O M I S T C O L O R A D O L E G I S L A T I V E C O U N C I L J A N U A R Y 2 0 , 2 0 1 6
L A R S O N . S I L B A U G H @ S T A T E . C O . U S 3 0 3 - 8 6 6 - 4 7 2 0 W W W . C O L O R A D O . G O V / L C S
Retail Marijuana Medical Marijuana State Sales Tax (2.9%)
Excise Tax (15.0%)
Special Sales Tax (10.0%)
Total market marijuana = price x consumption Prices = based on medical marijuana Total consumption = MJ users x avg. annual
Visitor consumption
State Population Usage rate from federal survey
SAMSHA – Substance Abuse and
Mental Health Services Administration, National Survey on Drug Use and Health
About 500,000 MJ users
Average annual usage
survey data – 6.5 ounces per year
We assumed 3.5 ounces per year
Visitor consumption
Colorado visitors x national usage rate x $20 (1 gram) Visitors to Amsterdam purchased between $20 and $40 per
visit
Total Marijuana Demand Medical Marijuana Grow your
Regulated Retail Marijuana Black Market Gray Market Marijuana Supply Channels
Total Marijuana Demand Medical Marijuana = 114,600 Users Grow your
= 1.4% of Users Regulated Retail Marijuana Black Market Gray Market Other Legal Marijuana Market Regulated Adult Use Marijuana Market Marijuana Supply Channels
$67.0 Million
Recreational Marijuana Medical Marijuana State Sales Tax (2.9%)
Excise Tax (15.0%)
$27.5 million
Special Sales Tax (10.0%)
$39.5 million
$67.0 Million
Recreational Marijuana Medical Marijuana State Sales Tax (2.9%)
Excise Tax (15.0%)
$27.5 million
Special Sales Tax (10.0%)
$39.5 million
FY 2014-15 Retail Marijuana Revenue Estimates Over Time
Source: Colorado Legislative Council, CO Department of Revenue, Colorado Center on Law and Policy, Colorado Futures
Source: CO Department of Revenue
Source: CO Department of Revenue, map produced by Legislative Council Staff
Source: CO Department of Revenue, map produced by Legislative Council Staff
Source: CO Department of Revenue