Tag: Retail Sales
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Here’s how the sales tax in Denver works
What exactly is taxed in Denver? The City and County of Denver imposes a 4.81% sales tax on pretty much everything a consumer buys. Add to that regional and state taxes, and it all comes out to 8.81%. Here are the additions: The state levies a 2.9% rate, the Regional Transportation District adds a 1%…
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Denver CBRE retail specialist examines holiday sales trends
Retail industries are going to have to continue to adjust to post-pandemic challenges but will likely fair well this holiday season, according to retail commercial space specialists from the commercial real estate giant CBRE. Despite the challenges — like inflation, labor shortages impacting customer service and hours of operation— facing shoppers this holiday season, there is…
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Marijuana sales drop in Colorado for third consecutive month
Medical and retail marijuana sales dropped for a third consecutive month in October, while the state’s tax and fee revenue also fell, according to the Colorado Department of Revenue’s November report. The decline in sales is not uncanny between August and October, as the three-month span has only increased sales once from August to September…
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Medical and recreational marijuana sales in Colorado drop in latest monthly report
Medical and retail marijuana sales fell in April after seeing a 24% increase the month before, while the states tax and fee revenue also declined, according to the Colorado Department of Revenue’s May report. Throughout April, $206.3 million worth of medical and retail marijuana was sold in the Centennial State, which is about $800,000 less…
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Colorado’s monthly marijuana sales fall for first time since September
Medical and retail marijuana sales fell for the first time since September, while the state’s tax revenue declined for the second straight month, according to the Colorado Department of Revenue’s March report. Throughout February, $167 million of product was sold throughout Colorado, which was $20.5 million less than in January. Recreation sales accounted for $134…