| A | B | C | D | E | F | G | |
|---|---|---|---|---|---|---|---|
1 | Currently configured with state and local rates per Prop AA and the local taxation ordinance on the ballot in Boulder. | edit orange cells to see the effects | |||||
2 | Unprocessed wholesale ounce cost | $95.00 | gram cost | $3.39 | |||
3 | Add state excise tax | $14.25 | 15.00% | ||||
4 | Add local excise tax | $4.75 | 5.00% | ||||
5 | Markup | $95.00 | 100.00% | ||||
6 | equals | Eighth price | |||||
7 | Retail price (ounce) | $209.00 | Retail price (gram) | $7.46 | $26.13 | ||
8 | Add state sales tax | $26.96 | 12.90% | ||||
9 | Add local sales tax | $16.74 | 8.01% | ||||
10 | Add county sales tax | $1.67 | 0.8% | ||||
11 | equals | Eighth price | |||||
12 | Final price (ounce) | $254.37 | Final price (gram) | $9.08 | $31.80 | ||
13 | Total taxes paid (ounce) | $64.37 | Total taxes paid (gram) | $2.30 | |||
14 | Total gross profit paid (ounce) | $95.00 | Total gross profit paid (gram) | $3.39 | |||
15 | Final tax % on purchase | 25.31% | |||||
16 | |||||||
17 | Tax breakdown (ounce) | ||||||
18 | State excise | $14.25 | 22.14% | ||||
19 | State sales | $26.96 | 41.88% | ||||
20 | Local excise | $4.75 | 7.38% | ||||
21 | Local sales | $16.74 | 26.01% | ||||
22 | County sales | $1.67 | 2.60% | ||||
23 | Total taxes | $64.37 | |||||
24 | |||||||
25 | However, cities and counties that allow retail | $3.14 | |||||
26 | marijuana sales to consumers will receive | ||||||
27 | 15 percent of the revenue collected from the | ||||||
28 | 10 percent state sales tax on retail marijuana. | ||||||
29 | CSU est. | ||||||
30 | estimate total ounces sold statewide | 2,268,985 | |||||
31 | state tax revenue generated | $92,909,626 | |||||
32 | estimate % of total sales @ City of Boulder | 8.40% | CDPHE % patients in Boulder | ||||
33 | city tax revenue generated | $4,693,567 | |||||
34 |