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In one Colorado town, marijuana taxes closing in on liquor

The day that marijuana receipts outpace liquor sales in Frisco might not be too far off.

That’s because the gap in sales taxes collected by the town on marijuana and liquor has been steadily narrowing since recreational legalization took hold in January 2014, according to figures provided by the town.

The trend does not wholly represent which of the two commodities is more profitable for Frisco. Rather, with the town’s and county’s tax rates held the same, the sales tax figures are a representation of the total sales of marijuana and liquor in Frisco. Not included in the figures are state and special taxes imposed on marijuana sales, so the overall economic impact of marijuana sales in Frisco is understated. Additionally, not all alcohol sales are included in liquor sales, with local restaurants’ alcohol sales, for example, being put in the restaurant category, not liquor, so the amount of alcohol sold locally is likely much higher.

Nevertheless, both marijuana and liquor sales have experienced significant tax growth since 2014, according to the town, with liquor receipts rising from $203,605 to $346,344 in 2016 and marijuana ballooning from just under $100,000 to $213,048 during the same time frame.

Not surprisingly, the fledgling marijuana business has set tax receipt records each year since 2014, and 2017 looks like another banner year for the pot dispensaries in Frisco.

Read more of this story at SummitDaily.com

This story was first published on SummitDaily.com