Colorado’s annual pot sales top $1 billion in record time
October 23, 2018
Marijuana sales in Colorado exceeded $1 billion as of August of this year, with tax revenue from those sales coming in at $200 million, according to a report from the Colorado Department of Revenue and its Marijuana Enforcement Division.
It’s the earliest point in any of the four years Colorado has had legal recreational marijuana that combined medical and rec sales have cracked the billion-dollar mark.
Total combined recreational and medical marijuana sales through August hit $1,022,245,511, according to the MED, setting the state on a trajectory to break last year’s record of more than $1.5 billion in sales.
State officials highlighted the industry’s growth in a news release Thursday. The release also shared findings from the Marijuana Enforcement Division’s 2018 Mid-Year Update, released Sept. 10.
Read more from The Denver Post.