Colorado marijuana sales top $750 million at 2017 midpoint
Halfway through 2017, Colorado’s marijuana retailers amassed more than $750 million in sales, according to The Cannabist’s extrapolations of the latest tax data released by the state.
Covering both the medical and adult-use markets, the sales of flower, edibles and concentrates through June 2017 are up 25.7 percent compared with the first half of 2016, The Cannabist’s calculations show.
The cumulative sales made through June equate to nearly $116 million in tax revenue and license fees for the state.
The Colorado Department of Revenue on Thursday published the report for marijuana sales and excise taxes remitted in July. The receipts largely reflect sales made in June, but could include some variance based on incomplete or late returns from prior months.
Support Local Journalism
Support Local Journalism
As a Summit Daily News reader, you make our work possible.
Now more than ever, your financial support is critical to help us keep our communities informed about the evolving coronavirus pandemic and the impact it is having on our residents and businesses. Every contribution, no matter the size, will make a difference.
Your donation will be used exclusively to support quality, local journalism.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: 
Moderator 
Trusted User