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Colorado Marijuana Sales Exceeded $1B Through August

Colorado Marijuana Sales Exceeded $1B Through August

The Canadian Press

Colorado Marijuana Sales Exceeded $1B Through August

DENVER — A Colorado reports shows marijuana sales in the state have exceeded $1 billion as of August of this year, with tax revenue from those sales reaching $200 million.

The Denver Post reports the state Department of Revenue report indicates medical and recreational marijuana sales are on track to break last year’s record of more than $1.5 billion.

This year’s combined sales reached the billion-dollar mark at the earliest point in the four years recreational marijuana has been legal in the state.

Total Sales through August 2017 reached more than $996 million.

According to the Marijuana Enforcement Division’s 2018 Mid-Year Update, the industry’s hot spots are in Denver, Boulder, El Paso, and Pueblo counties, growing 80 percent of all plants in the state as of June.


Information from: The Denver Post,

The Associated Press

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