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 thumbnail

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 marijuana that combined medical and rec sales have cracked the billion-dollar mark.

Total combined sales through August 2017 were $996,357,153. The total so far for ’18 is $1,022,245,511, setting the state on a trajectory to break last year’s record of more than $1.5 billion in medical and rec sales.

Read the rest of this story on DenverPost.com.

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