Colorado Sold Over $1.5 Billion of Legal Marijuana in 2017

39w
4m read
Summary

Recommended For YouPowered by SailThru Why Colorado Tokers Love Ogre Tony Magee, Lagunitas CEO, Sees Similarities Between Beer and Pot Colorado Sold Over $1.5 Billion of Legal Marijuana in 2017 Thomas Mitchell Colorado Sold Over $1.5 Billion of Legal Marijuana in 2017 Thomas Mitchell | February 13, 2018 | 10:58am New sales revenue data from the Colorado Department of Revenue shows that the state's legal cannabis industry collected over $1.5 billion in 2017 and accounted for nearly $4.5 billion in sales since recreational stores first opened on January 1, 2014.Overall dispensary sales rose in December for the first time since August 2017, according to DOR data, with revenue increasing over 7 percent from November ($119.56 million) to December ($128.27 million). Much of that growth can be attributed to the rise in the number of communities allowing the pot business. Revenue increased from 2016 to 2017 — a gain of just over $200 million — but that increase was nearly 36 percent less than the annual gains from 2015 to 2016 and 2014 to 2015. Recreational sales in December accounted for around $96.34 million, while the medical side collected $31.92 million.Related StoriesColorado Cannabis Sales Drop in NovemberThe Six Largest Dispensary Chains in ColoradoFive Blazing Product Trends From the NCIA Seed to Sale ShowColorado has seen sustained growth in cannabis sales revenue since introducing retail sales, increasing over 120 percent from 2014 to 2017. Popular Stories Marijuana Credit Union Granted Conditional Account by Federal...

Article Preview

Recommended For YouPowered by SailThru

Why Colorado Tokers Love Ogre Tony Magee, Lagunitas CEO, Sees Similarities Between Beer and Pot Colorado Sold Over $1.5 Billion of Legal Marijuana in 2017 Thomas Mitchell

Colorado Sold Over $1.5 Billion of Legal Marijuana in 2017

Thomas Mitchell | February 13, 2018 | 10:58am

New sales revenue data from the Colorado Department of Revenue shows that the state's legal cannabis industry collected over $1.5 billion in 2017 and accounted for nearly $4.5 billion in sales since recreational stores first opened on January 1, 2014.

Overall dispensary sales rose in December for the first time since August 2017, according to DOR data, with revenue increasing over 7 percent from November ($119.56 million) to December ($128.27 million). Recreational sales in December...

Read the full article @ Toke of the Town