Colorado Marijuana Sales Hit a New Record High

Who actually holds all of Colorado’s licenses has always been something of a mystery because no state record provides a full answer. Of the 812 people who hold marijuana licenses. approved.

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That’s a new record high. And if the trend continues, sales will set another new record next month, and the month after that, and on and on. In August, recreational marijuana sales totaled .2 million and medical marijuana sales came in at $41.4 million, according to sales data from the Colorado Department of Revenue.

Three deaths in Colorado tied to edible products also prompted the study. Emergency room records from Monte’s hospital show a three-fold increase in marijuana cases since the state became the first to.

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Colorado Hits a New High for Pot Sales An employee pulls marijuana out of a large canister for a customer at the LoDo Wellness Center in downtown Denver, Jan. 9, 2014.

The Colorado Department of Revenue says marijuana shops in the state made a record $1.51 billion in sales of medical and recreational cannabis, edibles and concentrate products in 2017.

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According to New Frontier Data, Colorado’s overall cannabis sales in 2018 reached a record high of $1.55 billion and reports up to May 2019 show a sales total of $665.6 million. As Colorado state lawmakers anticipate continued growth in the cannabis market, they have unveiled legislation to stay ahead of the curve.

Marijuana continues to be big business for Colorado. The state says more than $6 billion worth of weed and other marijuana products has been sold since it was legalized in 2014. Sales surpassed $1.5 billion last year, setting a new record. And the state is on the verge of another milestone-$1 billion collected in marijuana taxes, licensing.

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Colorado pot sales hit a record $1.5 billion in 2017. The Colorado Department of Revenue says marijuana shops in the state made a record $1.51 billion in sales of medical and recreational cannabis.

Colorado’s marijuana industry may have notched a new high in 2017, and a record December of $128.27 million, but analysts and economists caution that sales may soon plateau, reports thecannabist. Those sales have been increasing at slower rates than in the early stages of recreational marijuana legalization.

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