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Nicotine Products and Tobacco Products Excise Tax Report ¹
January 2021 to Date
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Quarter ²YearNumber of Nicotine
Products Distributors		Nicotine Products
Excise Tax ³		Number of Tobacco
Products Distributors		Tobacco Products
Excise Tax ³
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22026171$30,177,322 109$15,881,794
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12026177$25,722,446 119$14,555,003
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42025155$26,591,228 111$15,921,157
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32025157$28,229,259 114$16,823,557
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22025155$23,348,952 118$18,166,028
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12025165$24,560,141 116$14,504,874
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42024166$24,497,947 111$16,130,507
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32024155$20,690,290 108$17,504,429
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22024165$23,509,189 116$13,000,575
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12024166$18,681,704 111$13,500,734
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42023161$20,395,806 99$14,227,990
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32023166$17,288,520 96$15,924,174
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22023162$17,860,945 102$15,019,381
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12023168$15,398,750 97$13,369,778
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42022164$15,102,699 99$14,410,133
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32022169$12,321,711 100$15,886,830
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22022175$14,051,128 99$16,057,548
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12022169$11,366,565 96$14,897,804
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42021164$10,264,310 97$15,312,585
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32021170$10,045,739 103$16,057,035
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22021139$8,743,317 104$15,863,182
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1202192$8,244,878 95$14,483,604
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Source: Nicotine Products Excise Tax Return and Tobacco Products Excise Tax Return
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¹ This report summarizes quarterly excise taxes on non-modified risk and modified risk nicotine products and tobacco products purchased by licensed distributors. Excise taxes for nicotine products and tobacco products for non-licensed distributors (DR 0226 and DR 0225) are not included in this report.
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² Calendar year quarters are presented in this report. Quarter 1 is January through March, Quarter 2 is April through June, Quarter 3 is July through September, and Quarter 4 is October through December.
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³ In the November 2020 general election, taxpayers approved Proposition EE, which increased taxes on tobacco products and established a new tax on nicotine products starting January 1, 2021. The tax rates were set to increase over time, up to 62% of the manufacturer's list price beginning July 1, 2027.
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Prepared by: Office of Research and Analysis, Taxation Division, Colorado Department of Revenue | dor_ora@state.co.us
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Publish date: August 2026
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End of worksheet
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