Colorado cracks a billion in annual marijuana sales in record time, generating $200M in tax revenue

Marijuana sales in Colorado have 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…

Continue Reading



Canadian Province Prince Edward Island Rakes in Over $150K in First Day of Legal Cannabis Sales

Yesterday was the first day of Canada’s history-making cannabis legalization. Not surprisingly, retailers throughout the country saw a lot of activity. In particular, marijuana sales in the Canadian province of Prince Edward Island exceeded the six-figure mark—and that was just on day one. Explosive Sales in Prince Edward Island Local media sources reported total sales in…

Continue Reading



Are Canadian Cannabis Stock Profits Exaggerated?

Cannabis companies traded publicly in Canada may appear more profitable than they actually are due to corporate income reporting standards that differ from U.S. markets, The Motley Fool reports. Cannabis stocks have recently been turning heads with unexpected early profits. Some companies have already reported profits this year, despite the fact that seeing profitability so early…

Continue Reading