Sales of Marijuana in Colorado Topped $1B Through August

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.

Related:

• Federal Prosecutor Threatens Law-Breaking Pot Businesses in Colorado
• Colorado Tells Sessions That Pot Industry Is Working And Can Be Better
• Denver Soon to Open Legal Marijuana Clubs

Topics Cannabis