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Retail Marijuana: the Cash in Grass

Retail Marijuana the Cash in Grass On January 1, 2014, Denver became the first city in the U.S. to legally sell marijuana for recreational purposes. Recreational marijuana sales and participation in Denver since January 1 have far exceeded expectations. Denver retail marijuana dispensaries earned $1 million in revenue on January 1, 2014 alone. Sales amounted to $5 million throughout the week. 55% of Colorado recreational marijuana. Price per Ounce in Denver Legal Retailer Medical Dispensary Black Market Of that $67 m. $27.5 m will be used to build more schools in Denver. $67 m Retail Marijuana Medical Marijuana Tax Collection Regulations for Denver Customers Customers must pay cash because banks will not service recreational dispensaries. Must be 21 or older to purchase May purchase up to 1 oz. with a Colorado state ID May purchase up to 1/4 oz. with a non-Colorado state ID May not smoke marijuana in dispensaries and other establishments governed by Colorado's Clean Indoor Air Act Colorado vs Washington Taxes Washington retail dispensaries will open in May 2014. Wholesale Tax 15% Excise Tax | 25% Retail Tax J 10% WA CO 78.75% 7 2.9% State SalesTax State SalesTax Marijuana Laws by State E Retail Marijuana I Decriminalized Laws O Medical Marijuana Laws O Both (Decriminalized and Medical Marijuana Laws) I No Legislation Resources: CNN, "10 Things to Know about Nation's First Recreational Marijuana Shops in Colorado" TIME, "Legal Weed Sales Bring Long Lines to Colorado Business Week, "Legal Weed's Strange Economics in Colorado" National Organization for the Reform of Marijuana Laws, "State Laws" Huffington Post, "Colorado Recreational Marijuana Sales Exceed $5 Million in First Week" S GUARANTE=D PERFORMANCE, NATIONWIDE Expected 2014 Sales in Denver $208 m $250 m

Retail Marijuana: the Cash in Grass

shared by stephanieakinney on Jan 28
Over the years, has helped business professionals in countless industries get the bonds they need to remain in compliance with their licensing laws. This includes the medical marijuana...


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