Over $1.5 Billion in Legal Marijuana Sold in Colorado in 2017

According to data released by Colorado’s Department of Revenue, there was $1.51 billion in legal marijuana and marijuana products sold in 2017.

The $1.51 billion sold is an increase over the $1.3 billion sold in 2016. In 2015 there was $995 million sold, and in 2014 – the first year of legal sales – $683 million in marijuana was sold.

According to the new data, which was released today, there was $1.09 billion in recreational marijuana sold in 2017. As for medical marijuana, licensed dispensaries sold $416 million worth. These sales resulted in roughly $250 million in new taxes for Colorado.

In Washington State – which legalized marijuana in the same election as Colorado – at least $1.2 billion in legal marijuana was sold in 2017, though data for November and December isn’t available yet. Based on current trends, the state will end with just shy of $1.5 billion sold for the year, closely mirroring Colorado’s total.

In both states those 21 and older can purchase up to an ounce of marijuana from a licensed marijuana retail outlet, while also being allowed to purchase marijuana products such as edibles and tinctures.

The post Over $1.5 Billion in Legal Marijuana Sold in Colorado in 2017 appeared first on TheJointBlog.

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