News Article

Optimistic Outlook for Colorado Sports Betting Continues Despite Slight Decrease in February Wagers (Corrected 3/30/2021)

LAKEWOOD, Monday, March 29, 2021 (Corrected 3/30/2021)– With a month falling between the end of the professional football season and the beginning of March Madness, February’s monthly sports betting figures dropped slightly from the month prior with an 18.5% decrease from January

Colorado Department of Revenue released Monthly Marijuana Sales and Tax and Fee Revenue Figures

DENVER, Colo. - February 9, 2021 - The Colorado Department of Revenue (CDOR) today released December 2020 monthly marijuana sales figures and January 2021 marijuana tax and fee revenue figures.
 

Date Marijuana Tax and Fee Revenue
January 2021 $34,980,946
January - 2021 Calendar Year Total $34,980,946
To Date Total (since February 2014) $1,630,427,899

 

New Colorado marijuana rules go into effect on January 1, 2021

DENVER, Colo. December 31, 2020 -- Marijuana rules stemming from the General Assembly’s 2020 legislative session go into effect on January 1, 2021 for all regulated marijuana businesses across Colorado, specifically expanding on the state’s Social Equity Program for cannabis businesses and eliminating residency requirements for employees. Additional new rules of note include enhanced sustainability options for licensees and availability of delivery permits for retail stores and transporters.

Colorado Sports Betting Wagers Continue to Climb with Football's Return

LAKEWOOD, Friday, October 23, 2020 - Football's return yielded big returns for the booming Colorado sports betting market, with total wagers again surpassing that of the prior month. The Colorado Department of Revenue's Division of Gaming released the monthly figures for September's sports betting wagering and taxes and is reporting another significant increase of 61% in total handle over the month prior.

Colorado Marijuana Enforcement Division’s 2019 Regulated Marijuana Market Update Indicates Market Maturity

DENVER, Monday, October 19, 2020 -- The Colorado Department of Revenue (DOR)’s Marijuana Enforcement Division (MED) today released the 2019 Regulated Marijuana Market Update. This year’s Update shows the regulated marijuana market continues to meet resident and visitor demand, concentrates continue to gain market share in the legal marijuana marketplace, Colorado remains a competitive place for marijuana businesses and price stabilization suggests market maturity.

Colorado Sports Betting Wagers See a 117% Increase in the Fourth Month of Legalization

LAKEWOOD, Wednesday, September 23, 2020– The return to play for professional sports has resulted in a big win for Colorado with another month of legalization showing promising figures for the growth of sports betting in the state. The Colorado Department of Revenue’s Division of Gaming released the monthly figures for August’s sports betting wagering and taxes and is reporting a 117% increase in total handle over the month prior, July 2020.

Colorado Department of Revenue released Average Market Rates for retail marijuana effective October 1, 2020

DENVER, Colo. - September 21, 2020 - The Colorado Department of Revenue (CDOR) today released the Average Market Rates (AMR) for retail marijuana effective October 1, 2020 until December 31, 2020.

Three of the seven AMR categories increased this quarter, specifically bud ($1,316), trim ($350) and seed ($8). Three of the seven AMR categories decreased this quarter, specifically bud allocated for extraction ($502), trim allocated for extraction ($175) and wet whole plant ($175). The immature plant rate ($9) stayed the same.