Colorado was one of 2 states to legalize recreational cannabis for the first time in 2012. The state has some of the best experience in administering licensing and licensing structure. In February 2021, Colorado opened up for delivery licenses on a Social Equity basis. Since Colorado is one of the original cannabis markets, it’s saturated and has established brands.
Medical Use: Yes
Adult Use: Yes
Expected to increase post COVID-19 restrictions. The licensing distribution has very intricate and lengthy laws.
No caps. No mandated distribution of licenses.
As Colorado has been legalized for almost 10 years, the market is very saturated.
1 excise tax
Colorado Cannabis Details
55 sq. miles
2020 Medical Sales
2022 Projected Medical Sales
2020 Adult Use Sales
2022 Projected Adult Use Sales
Colorado Department of Revenue, Marijuana Enforcement Division
# of Dispensaries (allowed/issued)
Medical: 468 Issued Retail: 553 Issued
# of Cultivators (allowed/issued)
Medical: 662 Issued Retail: 716 Issued
# of Manufacturers (allowed/issued)
Medical: 238 Issued Retail: 285 Issued
# of Testing Labs (allowed/issued)
Medical: 11 Issued Retail: 12 Issued
Combined Tax Rate
15% excise tax (levied at wholesale by weight at average market rate); 15% excise tax (retail price)
Licensing Fees (per year)
*Varies based on gross revenue
Retailer Transporter License Fee
$4,500 ($9,000 Type 1, $16,000 Type 2, $22,000 Type 3 medical)