Colorado marijuana sales hit record $1.75 billion in 2019 | AspenTimes.com

Colorado marijuana sales hit record $1.75 billion in 2019

Cannabis sales have now reached a total of $7.79 billion in the 6 years since legalization

Tiney Ricciardi
The Denver Post
Silverpeak Apothecary opened as a medical marijuana dispensary in 2009 and in 2014, became Aspen’s first adult-use cannabis retailer.
Courtesy Silverpeak

Last year was the most lucrative 12 months for cannabis sales in Colorado since the state’s voters legalized recreational marijuana.

Medical and recreational cannabis sales hit a record $1.75 billion in 2019, up 13% from 2018, according to data from the Department of Revenue’s Marijuana Enforcement Division. Marijuana tax collections also hit an all-time high, at more than $302 million in 2019.

December closed out the year with strong sales totaling more than $144 million, up 6.7% compared to the previous year. But that wasn’t the biggest month of 2019; instead, August topped the calendar year with $173 million in sales.

All told, Colorado marijuana sales now have hit $7.79 billion since recreational sales began in 2014.

Read the full story about Colorado marijuana sales from The Denver Post.



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