Colorado marijuana sales hit $1 billion in first eight months of 2017
Colorado’s legal marijuana industry generated a record $1 billion in sales during the first eight months of 2017, producing more than $160 million in taxes and fees for critical Colorado services.
With more than $1.02 billion in collective medical and recreational sales through August, sales are up 21 percent from the same period last year, according to The Cannabist, the marijuana news portal of The Denver Post, which analyzed state tax data released last week.
This equates to more than $162 million in taxes and fees for the state, which has received more than half a billion dollars in tax revenue since the first marijuana retail store opened its doors three-and-a-half-years ago.