Disposition of Marijuana Tax Revenue

Per 39-28.8-501(6), C.R.S., "To increase transparency, the marijuana enforcement division shall include a link on its website that describes the disposition of the retail marijuana excise tax revenue and how the revenue from the fund was appropriated for the fiscal year 2015-16 and each fiscal year thereafter."

Disposition of Retail Marijuana Excise Tax

  • Starting Fiscal Year (FY) 2018-2019, pursuant to HB18-1070, the greater of $40M or 90 percent of excise tax revenue will be credited to the Public School Capital Construction Assistance Fund (PSCCAF). Any excess will be transferred to the Public School Fund.
  • For FY 2017-18, the first $40M of the Retail Marijuana Excise Tax revenue was distributed to the PSCCAF administered by the Colorado Department of Education's Building Excellent Schools Today (BEST) program. Excise tax collections in excess of $40M, $27.8M for FY 2017-18, were transferred to the Public School Fund.
  • For FY 2016-17, the first $40M of the Retail Marijuana Excise Tax revenue was distributed to the administered by the PSCCAF. Excise tax collections in excess of $40M, $31.6M for FY 2016-17, were transferred to the Public School Fund.
  • For FY 2015-16, the first $40M of the Retail Marijuana Excise Tax revenue was distributed to the PSCCAF. Excise tax collections in excess of $40M, $2.5M for FY 2015-16, were transferred to the Public School Fund.

Appropriation of Marijuana Tax Cash Fund