City starts reporting monthly marijuana sales tax totals
City begins reporting monthly marijuana sales tax totals
By the numbers
Pot sales tax revenue in Steamboat Springs by month in 2015
Jan. 2016: $39,977
Steamboat Springs — Community members can now see exactly how much green the new marijuana industry in Steamboat Springs is putting into the city’s coffers each month.
The city’s first sales tax report to include a breakdown of marijuana revenues shows collections increased by 16 percent in January compared to the same month last year.
The city collected $39,977 in tax revenue during the first month of this year from both medical and recreational marijuana sales. That amount is just over half of the $76,759 the city collected in January from liquor store sales.
The local pot industry posted more than $9.1 million in sales last year, a 35 percent increase over 2014, the first year of recreational sales. The haul generated about $366,455 in tax revenue for the city.
The city’s sales tax report shows pot sales were strongest last year in August, with January and December following closely as the second- and third-strongest months for sales.
City Councilman Scott Ford requested the city begin reporting monthly sales tax data from marijuana sales.
He pointed out Amendment 64 allows for marijuana to be treated the same as alcohol, and the city reports sales tax data on alcohol sales each month.
He also said lumping marijuana sales tax data in the “miscellaneous retail” category distorts the collection figures in downtown categories.
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