It only took Colorado 10 months to pass $1 billion in legal cannabis sales in 2016, one year after the state came up just shy of that milestone revenue figure.
Marijuana businesses in Colorado, which voted to legalize the drug recreationally in 2012, reported roughly $1.1 billion in legal sales of medical and recreational marijuana and related products this year through the month of October, according to the latest batch of tax data from the state’s Department of Revenue. That number easily tops the roughly $996 million in total marijuana revenue the state reported in 2015.
The Denver Post first reported the state’s record sales figures, noting that Colorado saw $82.8 million in retail cannabis sales in October alone, along with more than $35 million in medical marijuana sales. With two months left in 2016, The Denver Post also notes that the state’s legal marijuana market could hit $1.3 billion for the year, which would represent a 30% spike in sales over the previous year. In 2015, the state saw a 42% bump in legal cannabis sales from 2014, which was the year the state’s legal recreational pot market opened for business. Medical marijuana has been legal in the state since 2000.
Through October, Colorado has collected more than $150 million in taxes from legal marijuana sales, including nearly $50 million from a specific excise tax that directs funds to school construction projects. The first $40 million collected annually from the excise tax is earmarked for the school projects.
What’s up to every body, it’s my first visit of this web site; this blog includes awesome and actually fine stuff in favor of readers.
constantly i used to read smaller posts which also clear their motive, and that is also happening with this article which I am reading at this time.
Hey! I could have sworn I’ve been to this site before but after checking through some of the posts I realized it’s new to me. Nonetheless, I’m definitely delighted I found it and I’ll be book-marking and checking back frequently! Thanks ad keep up the good work.
I’ve been surfing on-line greater than 3 hours as of late, yet I by no means found any interesting article like yours. It’s beautiful worth enough for me. Personally, if all site owners and bloggers made good content material as you did, the web will be a lot more helpful than ever before.
Usually posts some really interesting stuff like this. If youre new to this site.
pc games for windows 10
[…]very interesting article. We like your in-depth approach, from our point of view you are undoubtedly worth checking out[…]
games for pc download
[…]The facts talked about inside the article are some of the ideal obtainable […]
best first vibrator
[…]We advise all to become regular visitors[…]
anal training kit
[…]one of our visitors lately suggested that we follow your website and we love it[…]
This was surely really worth reading
[…]On this site are some of the best articles. They are worth visiting[…]
work from home jobs online no fees
the time to study or pay a visit to this site is worth it
Patio Builder in NJ
we came across your cool website which we love. We need more information like yours.
Exchange Bitcoin with instant paypal
[…]very handful of sites that take place to become detailed beneath, from our point of view this site is undoubtedly well worth checking out[…]
new comers strao on
[…]Love your site[…]
[…]always a significant fan of linking to bloggers that I like […]
Silicone Butt Plug
[…]we came across your cool web page. We delight in it. Everyone should Take a look…]
CCTV installation Birmingham
[…]The facts talked about inside the post are several of the most beneficial offered […]
We have been here several times and love your content.
We suggest everyone keep reading your blog
Comments are closed.