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.
Tag Archives: Colorado Department of Revenue
While the Evergreen state launched its Washington marijuana data dashboard back in 2015, the Centennial State is just now getting around to releasing its Colorado marijuana sales data.
DENVER, Colo., Dec. 12, 2017 /Weed Wire/ — Effective immediately, the Colorado Department of Revenue (CDOR) is releasing statewide historical marijuana sales data from January 2014 to the present and will release monthly reports going forward on the seventh business day of every month.
It’s no secret that the advent of Colorado cannabis legalization increased demand for industrial real estate, but how has it affected housing prices?
These days, cannabis is Colorado’s cash crop. In the three-and-a-half years since the state began allowing adults to purchase marijuana for recreational use, cannabis has contributed more than half a billion dollars in tax revenue to both state and local coffers.
In 2016, Colorado sales of recreational and medical marijuana sales combined hit $1.3 billion, according to a Feb. 9, 2017, article by the Associated Press. The figure, drawn from a Colorado Department of Revenue report, shows a steady climb from $699 million in 2014 and $996 million in 2015.
New data from the Colorado Department of Revenue reveals a record-breaking September 2016 for sales at marijuana shops, according to The Cannabist. With $127.8 million in combined sales of recreational and medical marijuana, September sales were up $33.1 million, from $94.7 million, during the same month in 2015.