Marijuana sales near $1B, raises almost $20m of taxes

Marijuana sales near $1B, raises almost $20m of taxes By Don Ireland

Senior Reporter

– Dec. 19, 2025 — Coloradans have purchased almost $1 billion of regulated marijuana, generating almost $200 million of tax and fee revenue in calendar year 2025, according to new monthly data published today by the Colo- rado Department of Revenue (DOR).

will no longer take some of the money you won from a slot machine jackpot.

President Donald Trump’s “One Big Beautiful Bill Act,” which passed in 2025, raised the Internal Revenue Service’s minimum $2,000 in 2026.

It was expected that Colorado would likely surpass $1 bil lion in sales and $200 million in tax revenue by the end of last year, according to the Colorado Department of Revenue figures from September.

particularly on modern machines where wins above $1,200 are common.

The November figures will be published in January, with complete data for 2025 becoming available in mid-February.

According to researchers at TurboTax, “You can write off your gambling losses in some cas- es, but there are limitations. For tax year 2025, you can write off losses up to the amount of your winnings. Let’s say you win $4,500 and lose $5,000; your net result is a loss of $500. Even if your losses exceed your winnings, your deduc- tion is capped at the total amount won ($4,500). any tax on the $4,500 of winnings because you can deduct the full $4,500 against your win- nings, resulting in $0 gambling income.”

Under the previous law, which expired on Dec. 31, 2025, casinos were required to issue a Form W-2G to slot players who won $1,200 Congress addressed the issue by raising the information-reporting threshold under two Internal Revenue Code sections, 6041 and 6041A.

“Colorado’s world-class marijuana industry drives out criminals and cartels and is supporting Colorado businesses and jobs while driving revenue for school construction. This important milestone is one that our state can continue to build on,” said Gov. Jared Polis.

In its monthly marijuana sales and tax revenue report, over$19 million, while September marijuana sales figures were

Casino industry groups and some lawmak ers argued that the $1,200 threshold no longer reflects modern gambling or inflation. Gam- ing industry advocates have said raising the - tem and reduce operational friction on casino floors. As a result, effective Jan. 1, the change is expected to reduce the number of midlevel slot jackpots that trigger mandatory reporting,

Meanwhile, Colorado hasn’t announced - ing slot machine winnings in 2026. The issue is expected to be discussed when lawmakers return to the state capital in Denver later this

Marijuana tax and fee

$19,165,884 (Sept. 2025: $20,040,828) 2025 Calendar Year Total $199,019,628 (Since January 2014) $3,072,538,063

October 2025

statements for jackpots of $1,200 or more were taxed percent rate.

Date Marijuana sales

An IRS spokes- - tional updates will - tions are finalized

$105,334,650 (Aug. 2025: $115,362,506) $995,357,169 To Date Total $17,898,291,163

September 2025

(Editor’s note: The Weekly Register-Call isn’t qualified to pro- Please consult your accountant, CPA, or tax advisor for information on gambling win- nings and how they affect your taxes.)

by medical and retail marijuana stores monthly by county. The Marijuana Tax Reports show state tax and fee revenue collected monthly as posted in the Colorado state account- ing system. Tax revenue comes from the state sales tax (2.9 percent) on marijuana sold in stores, the state retail mari- juana sales tax (15 percent), and the state retail marijuana excise tax (15 percent) on wholesale sales/transfers of retail marijuana. Marijuana license and application fees generate the fee revenue.

Marijuana sales near $1B, raises almost $20m of taxes

Patrick Henry Sweeney

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Marijuana sales near $1B, raises almost $20m of taxes

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