Audit - City and County of Denver

their inspection activities electronically. Other agencies may also access Accelathrough this application.However, as of June 2013, there are significant delays in the implementation of Accelawith no target date for final implementation.Medical Marijuana-Generated RevenueThe Denver Revised Municipal Code (D.R.M.C.) allows the City to collect applicationfees, license fees, and City sales tax from medical marijuana businesses.For the opportunity to own and operate a medical marijuana business in the City andCounty of Denver, licensees must pay these fees and taxes. The revenue generated frommedical marijuana is substantial and provides a steady revenue source for the City.Table 1 summarizes the revenue generated from medical marijuana for the years 2010through 2013.Revenue SourceTable 1City Revenue Generated from Medical MarijuanaYear2010 2011 2012 2013Totals byRevenue TypeSales Tax Licenses* $31,740 N/A $12,745 N/A $44,485MM Sales Tax Remitted to City $1,801,591 $2,796,500 $4,659,167 *** $9,257,258MM Business Licenses** $2,340,312 $1,195,765 $2,628,202 $654,327 $6,818,606Totals by Year $4,173,643 $3,992,265 $7,300,114 $654,327 $16,120,349*City sales tax licenses are valid for a two-year period beginning with even numbered years. Thesefees must be paid in advance, so the total reported in 2010 represents the period 2010-2011, andthe total reported in 2012 represents the period 2012-2013.**MM business license revenue totals include MM license application fees, which cannot beseparated from application fees for other types of licenses.City and County of DenverP a g e 8