Colorado Cracks a Billion in Annual Marijuana Sales in Record Time, Generating $200M in Tax Revenue

Colorado Cracks a Billion in Annual Marijuana Sales in Record Time, Generating $200M in Tax Revenue

It’s the earliest point in any of the four years Colorado has had legal recreational marijuana that sales have hit $1 billion.

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October 24, 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.

 

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Top photo courtesy of Adobe Stock