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Retail marijuana is subject to a 1% excise tax on the average market price of retail marijuana. The excise tax is imposed on the first sale or transfer from a retail marijuana cultivation facility to a retail marijuana store, retail marijuana product manufacturing facility or to another retail marijuana cultivation facility. The tax shall be calculated on the basis of the category of the retail marijuana product (I.e., Flower, Trim, or Immature Plant) being sold or transferred. This tax was 1% in 2016 and increased to 2% in 2017 and then increased to 3% in 2018. The 2019 tax rate is still 3%.
Excise Tax Returns and payments are due the 20th of the month for transfers that occurred in the previous month. If the 20th falls on a weekend or Holiday when the Excise Tax office is closed, the due date is the next business day. Please refer to the Remittance Schedule
The Excise Tax office is open Monday through Friday, 9:00 am - 3:00 pm, except on Holidays when offices are closed, refer to the Remittance Schedule for days the Excise Tax office is closed, Excise Tax Remittance Schedule
In addition, a Deficiency Letter will be mailed to you.
You will have 10 days to respond to the Deficiency Letter. If you do not respond within 10 days, a Default Notice will be mailed and you will also be subject to a Mandatory Audit at your expense.
Remember, if there is a problem with your Return Form, someone from the Excise Tax office will need to contact you so the most current contact information is always needed.
Payments are made at the Administrative Offices located at: 781 East Industrial Boulevard Pueblo West, CO 81007