Colorado Marijuana Sales Hit a Record $1.5 Billion in 2017

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Colorado Marijuana Sales Hit a Record $1.5 Billion in 2017

Pixabay / pasja1000 / CC0 Creative Commons

Colorado marijuana shops raked in a record $1.51 billion sales of medical and recreational cannabis, edibles and concentrate products during 2017, according to Colorado Department of Revenue data released Friday.

Adult-use sales topped $1.09 billion during the year, with the remaining $416.52 million coming from medical marijuana. Colorado collected upward of $247 million in taxes and fees revenue from marijuana sales, according to state finance data. The previous record was in 2016, when marijuana shops did $1.3 billion in sales. Sales were $996 million in 2015.

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