Colorado Marijuana Sales Hit a Record $1.5 Billion in 2017

Farmworkers remove stems and leaves from newly-harvested marijuana plants, at Los Suenos Farms, America's largest legal open air marijuana farm, in Avondale, southern Colo. (File image via AP)
Farmworkers remove stems and leaves from newly-harvested marijuana plants, at Los Suenos Farms, America's largest legal open air marijuana farm, in Avondale, southern Colo. (File image via AP)

DENVER — The Colorado Department of Revenue says marijuana shops in the state made a record $1.51 billion in sales of medical and recreational cannabis, edibles and concentrate products in 2017.

Data released Friday say adult-use sales topped $1.09 billion during the year, with the remaining $416.52 million coming from medical marijuana.

Data say the state collected upward of $247 million in taxes and fees revenue from marijuana sales.

The previous record was in 2016, when marijuana shops did $1.3 billion in sales. Sales were $996 million in 2015.

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here