Confusion over Colorado marijuana taxes

I can’t understand the figures for sales of recreational marijuana in Colorado in April, the fourth month below:  How could 10 percent of marijuana sales be greater than 2.9 percent of all sales?  I’ve asked the Department of Revenue for help in understanding what is going on.  All figures come from links on http://www.colorado.gov/cs/Satellite/Revenue-Main/XRM/1251633259746.

first month sales taxes $416,690
divided by.029 sales tax rate $14,368,621
10-percent taxes divided by.10 percent retail tax rate $14,015,680
difference $352,941
percentage 0.024563296
second month sales taxes $438,253
divided by.029 sales tax rate $15,112,172
10-percent taxes divided by.10 percent retail tax rate $14,349,160
difference $763,012
percentage 0.050489922
third month sales taxes $569,505.00
divided by.029 sales tax rate $19,638,103.45
10-percent taxes divided by.10 percent retail tax rate $18,986,850.00
difference $651,253.45
percentage 0.033162747
fourth month sales taxes $639,728.00
divided by.029 sales tax rate $22,059,586.21
10-percent taxes divided by.10 percent retail tax rate $22,160,700.00
difference ($101,113.79)
percentage -0.004583667
fifth month sales taxes $642,124
divided by.029 sales tax rate $22,142,206.90
10-percent taxes divided by.10 percent retail tax rate $20,705,770.00
difference $1,436,436.90
percentage 0.064873249

 

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Author: patoglesby

From 1982 to 1990, I worked in tax policy for Committees of the United States Congress. In recent years, I was Adjunct Lecturer at UNC-Chapel Hill's Business School and then Adjunct Professor at its Law School.

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