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Workgroup Meeting – Average Market Rate Methodology

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The Colorado Department of Revenue, Division of Taxation, is hosting a workgroup meeting to discuss the Department’s current methodology to calculate the retail marijuana average market rate. Specifically, the workgroup will discuss the Department’s use of median versus mean prices, answer questions, and discuss possible alternative metrics in compliance with the “average market rate” definition in section 39-28.8-101(1.5), C.R.S. 

The workgroup meeting will take place on August 22, 2023, at 10 a.m. at 1881 Pierce Street, Entrance B, Room 110, Lakewood, CO 80214. Entrance B is on the west side of the building at the northern end. The workgroup meeting will also be available virtually. The Department has created a Virtual Workgroup Guide that provides additional guidance for virtual participants. More information on how to participate in the workgroup is discussed below.

The agenda for the workgroup can be found here.

The Department has prepared the following materials to aid in the discussion of the methodology used to calculate the retail marijuana average market rate.

What is a workgroup?

A workgroup is a forum for the Department to gather information from the public. The workgroup consists of individuals who have knowledge of the issue being discussed. The workgroup members will be asked to provide their input and insight, along with constructive feedback and suggestions, in an open discussion format. 

How to participate?

1. Attend the workgroup meeting scheduled for August 22, 2023, at 10 a.m. If you would like to participate virtually, please register to participate virtually. People willing to share their knowledge on the workgroup topic are encouraged to attend and participate. 

This workgroup meeting has the option to participate virtually using the Zoom platform.  If a workgroup member chooses to participate virtually, video conferencing equipment and an adequate Internet connection, are recommended but not required (participation by video is optional). Connecting through the Zoom website or desktop client offers additional features than the phone conferencing options. Participants may choose to leave their cameras off.

Workgroup meetings are recorded, and may be reviewed afterward by those who are unavailable at the scheduled meeting time. Email dor_taxrules@state.co.us to obtain access to the recording. 

People wishing to attend or participate by teleconference should connect as follows:

Phone Number: 1 (669) 900-6833
Meeting ID: 835 5860 6716

2. Submit comments on the Department’s current calculation of the retail marijuana average market rate by 5:00 p.m. on August 22, 2023. Prior to commenting, review the related statutes, draft rules, and materials provided. Then provide feedback or input on necessary changes to the methodology the Department currently uses or any guidance that needs to be provided. All feedback is welcome, but the most useful feedback includes specific metrics the Department could consider using and the statutory basis for the metrics. Comments should be submitted by email to dor_taxrules@state.co.us. Written comments are encouraged even if you can attend the workgroup meeting.