Cannabis Sales Hit New Record High This Year
Since legalization, sales of recreational and medical marijuana have been steadily increasing. People from all over the country flock to Colorado to buy legal weed and in September, sales hit a record high (pun intended).
The record amount of sales at dispensaries in September hit $127.8 million. September is the third consecutive month of record sales according to the Colorado Department of Revenue. The nine months of the tracked sales of cannabis in Colorado are sitting right around $975 million dollars. With the recent sales hitting record highs in the past three months, it is safe to say that in 2016 Colorado could break past the billion dollar mark. In 2015 cannabis sales reached $996.2 million.
According to the Cannabist, taxes and licensing fees have totaled more than $144 million dollars!
Source: The Cannabist