Question 1

How much does workers' comp cost for Retail Store - Cannabis/Dispensary in Colorado?

Accepted Answer

The current rate for Retail Store - Cannabis/Dispensary (Class Code 8045) in Colorado is $1.91 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $955 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Colorado?

Accepted Answer

Yes, workers' compensation insurance is mandatory in Colorado for all employers with at least one employee.

Question 3

How does Colorado's rate compare to other states?

Accepted Answer

Colorado's rate for Retail Store - Cannabis/Dispensary is $1.91, which is $0.39 below the national average of $2.30 (-17%).

Question 4

What does class code 8045 cover?

Accepted Answer

Covers employees of licensed cannabis dispensaries including budtenders, inventory staff, and security.

State	Rate per $100	Difference
Colorado (current)	$1.91	—
Indiana	$1.68	-0.23
Texas	$1.76	-0.15
Virginia	$1.78	-0.13
Utah	$1.83	-0.08
Arkansas	$1.89	-0.02

Workers' Comp Rate for Retail Store - Cannabis/Dispensary in Colorado (Class Code 8045)

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