Colorado clears more than US$2 billion in cannabis sales in 2020

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Cannabis sales in Colorado set an all-time high in 2020, with consumers spending US$2.2 billion across the state, reports The Denver Post. Since legalizing recreational cannabis in 2014, total sales in Colorado are now just shy of US$10 billion. Final figures for the year are not yet available, but sales nationwide have eclipsed the 2019 figures every month in 2020. In November 2020, the latest month available from Statistics Canada, retail cannabis sales in Canada reached more than $260 million, a 93 per cent increase from Nov. 2019, when sales totalled $135 million. Citing figures from the state Department of Revenue, Colorado will reportedly collect US$387.4 million in tax revenue from the sales.

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Cannabis sales in Colorado set an all-time high in 2020, with consumers spending US$2.2 billion across the state, reports The Denver Post.

Citing figures from the state Department of Revenue, Colorado will reportedly collect US$387.4 million in tax revenue from the sales.

Canadian cannabis retail sales top $261 million in November AGCO...

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