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2023 Tobacco Master Settlement Agreement Payment Forecast

Liquor, Tobacco, & Marijuana
State Revenue & Budget

Colorado receives annual payments from tobacco manufacturers as part of the Tobacco Master Settlement Agreement (MSA).  In April 2022, the state received $88.2 million, which was used to determine distributions to MSA-funded programs for the current FY 2022-23.  This document presents a forecast for annual receipts from the Tobacco MSA through FY 2024-25.  The state is expected to receive $92.3 million in 2023; the actual amount received in 2023 will determine disbursements to MSA‑funded programs in FY 2023-24.  Payments are expected to be $89.8 million in 2024 and $86.8 million in 2025.

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details