Marijuana Revenue in the State Budget
This memorandum answers common questions about how revenue from the marijuana industry fits into Colorado’s state budget.
Second Regular Session | 74th General Assembly
Colorado General AssemblyThis memorandum answers common questions about how revenue from the marijuana industry fits into Colorado’s state budget.
Report No. 2018-TE8
Note: A more recent evaluation was issued in January 2023. Click HERE to access the January 2023 report.
Report No. 2018-TE
Report No. 2018-TE9
Note: A more recent evaluation was issued in May 2023. Click HERE to access the May 2023 report.
Report No. 2018-TE10
Note: A more recent evaluation was issued in May 2023. Click HERE to access the May 2023 report.
The General Assembly considered several bills concerning budgeting and the state budget during the 2018 legislative session.
The General Assembly considered bills that modified the responsibilities of the Colorado Department of Revenue (DOR), clarified taxing requirements, and made changes to the tax remittance process.
During the 2018 legislative session, the General Assembly considered bills relating to the regulation of both medical and recreational marijuana on topics such as taxes, research, use of medical marijuana, and marijuana business licensing.
During the 2018 legislative session, the General Assembly considered several bills to clarify practices related to events at which alcohol is auctioned or sold, redefined Japanese rice wine, and passed additional legislation related to the retail sale of low- and full-strength beer.
During the 2018 legislative session, the General Assembly considered a number of bills affecting funding for capital construction and the duties of the Capital Development Committee (CDC).
In lieu of issuing bonds, or using another form of long-term debt, the state often uses a form of lease-purchase agreement called certificates of participation (COPs) to finance the construction of its new facilities. A certificate refers to an investor's proportionate interest in the state's...