Legal-marijuana suppliers have reaped $11.3 million in revenue, topping the amount of profit by liquor stores, which made $10.5 million in 2017 in Aspen.
The Aspen Times cited the figure from the city’s Finance Department in its year-end sales tax report for 2017. The city, which is open year-round for outdoor recreation, had its retailers generate $730.4 million in revenue, up by two percent in comparison to 2016.
However, revenue generated from marijuana sales increased by a whopping 16 percent if compared to 2016, which witnessed a total profit of $9.7 million. Meanwhile, the city’s report indicated no change for liquor store sales between 2016 and 2017.
He said when people visit the mountainous Aspen, some don’t drink for a couple of days since they need to adjust to the high altitude, describing marijuana as “botanical” while alcohol as “essentially poison.”
He added: “I don’t say that with judgment, but you feel some lingering effects with alcohol.”
Meanwhile, others explain the new figures that “it shows adults are open to change.”
Aspen is resort town located in the state of Colorado. (File image via Theluxuryvacationguide.com)
There are six pot shops and five liquor stores are within Aspen city limits.
Colorado was one of the earliest U.S. states which legalized recreational marijuana in 2014.
Canada is currently on the verge of legalizing recreational marijuana. The Canadian resort town of Banff can learn a lot from Aspen.
The council of Banff, a tourist town known for its picturesque beauty, is working on Bylaw 420 to regulate marijuana sales. Situated in the province of Alberta’s Rockies majestic mountains, the town has been advised not to have shops clustered all in one location.