There Was $129 Million in Marijuana and Marijuana Products Sold in Colorado in June

Those in Colorado purchased over $129 million worth of marijuana and marijuana products in June, a roughly 5% increase from the month prior.

In total there was $129,523,030 in marijuana and marijuana products purchased legally in Colorado in June, according to new data released by the state’s Department of Revenue. This is a slight increase from the amount sold in May ($122 million) and April ($124), but falls short of the record-setting $135 million sold in March.

Of the $129 million in marijuana sold in June, around $27 million came from the sale of medical marijuana, with the remainder from the sale of recreational marijuana. These sales helped Colorado garner around $20 million in tax revenue for the month of June.

The new data brings the state’s total marijuana sales for 2018 to $742,387,820. This puts Colorado on track to sell around $1.5 billion in legal marijuana for 2018, which would be on par with the $1.5 billion sold in 2017, and slightly higher than the $1.3 billion sold in 2016.

Marijuana was legalized in Colorado in 2012, with marijuana retail outlets opening for business in 2014.  Marijuana is taxed at 15% (plus the standard 2.9% statewide sales tax), with the revenue going towards schools, hospitals and roads.

The post There Was $129 Million in Marijuana and Marijuana Products Sold in Colorado in June appeared first on TheJointBlog.

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