Colorado cannabis sales are on track to reach an all-time high at record speed, with cannabis having already banked $1 billion in sales within the first eight months of 2017.
Tag Archives: Marijuana Policy Group
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.
Institutions need information in order to make decisions. A big part of the information they need to measure and predict outcomes is in the data, but real information is the convergence of that data with sound analysis.
Colorado’s retail sales of marijuana have so far exceeded $1 billion this year. According to a new report from The Cannabist, the state sold approximately $1.1 billion worth of marijuana within the first 10 months of 2016, surpassing the yearly total of $996,184,788 in 2015.
As it now stands, by the year 2018 anyone over 21 years of age in Massachusetts will be able to walk into a store/dispensary and buy marijuana for recreational use.
As Nevadans vote on Question 2, supporters and opponents debate the impact of legalized recreational marijuana on children, while a study predicts the new industry could substantially boost the state’s economy, according to Esquire.com.
The legal marijuana industry had a $2.39 billion impact on the state of Colorado in 2015. This is according to a new report released by the Marijuana Policy Group, an economic and market research firm based out of Denver.
In the state of Colorado, retail marijuana sales have reached an all time high. According to The Denver Post, the legal marijuana industry brought in more than $122 million in revenue for the month of July, representing a 27 percent increase from the previous year.