Colorado marijuana sales top $131M, set record in March 2017 | SummitDaily.com
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Colorado marijuana sales top $131M, set record in March 2017

It's the tenth consecutive month in which sales have topped $100 million, and the sustained double-digit growth rate caught the attention of some analysts and economists contacted by The Cannabist

By Alicia Wallace / The Cannabist Staff
A caregiver picks out a marijuana bud for a patient at a marijuana dispensary in Denver.
Ed Andrieski, Associated Press file

The Colorado cannabis industry’s unbridled growth hasn’t waned — in fact, it’s still setting records.

The state’s licensed marijuana shops captured nearly $132 million of recreational and medical cannabis sales in March, according to The Cannabist’s extrapolations of state sales tax data made public Tuesday.

The monthly sales haul of $131.7 million sets a new record for Colorado’s relatively young legal marijuana industry, besting the previous high of $127.8 million set last September, The Cannabist’s calculations show. It’s the tenth consecutive month that sales have topped $100 million.

Sales tax revenue generated for the state during March was $22.9 million, according to the Colorado Department of Revenue.

Read the full story on The Denver Post website.

 


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