(The Center Square) - Colorado marijuana sales continued to slump in August, according to recent figures released by the state's Department of Revenue (CDOR).
Total sales topped $192 million, bringing Colorado's year-to-date total up to $1.54 billion. August's total sales represent a 12% decline from August 2020 and a 5% month-over-month decline from June, CDOR data shows.
Recreational marijuana sales accounted for nearly $158 million of August's total sales. Denver, Arapahoe, and Adams counties made up a combined 44% of the monthly sales with more than $70 million of recreational marijuana sold.
Medical marijuana sales declined for the first time in three months, totaling more than $34 million in August. Denver and El Paso counties made up most of the medical sales, combining for more than $26 million between the two counties.
Colorado collected more than $36.8 million in tax revenue from the marijuana sales. That brings the state's total marijuana revenue up to $327.3 million for the calendar year.
The total taxes collected in September represent a slight decline from the amount collected at the same time in 2020 but are more than 20% higher than the $29 million in taxes Colorado collected in September 2019, CDOR data shows.
Colorado collects its marijuana tax revenue from a 2.9% state sales tax on marijuana sold in stores, a 15% state retail marijuana sales tax, and a 15% state retail marijuana excise tax wholesale sales and transfers of retail marijuana.
Under state law, 10% of the revenue from its excise taxes are allocated to local governments. The remaining 90% is divided among three spending accounts that support health care, education, law enforcement, and infrastructure projects across the state.