Retail Marijuana Sales top $1 Billion in Colorado

February 12, 2017

 

Retail Marijuana Sales top $1 Billion in Colorado

source: Reddit via www.newsindata.com

Across the United States, legal weed sales topped $5.4 billion in 2016, up nearly 18% from the previous year.   In Colorado, legal recreational retail sales of marijuana began in January of 2014 with $313 million in recreational sales and $384 million in medical sales.  In 2015, while medical sales only rose a modest 5.6%, recreational sales increased more than 87% to $587.7 million.  In data released Thursday Feb 9, 2016, legal sales topped $1.3 billion, with recreational accounting for $875 million of the total.  The weed revenue has largely been a boon for local and the state economies, yielding $100s of millions in tax revenue. 

 




Leave a comment