Dept. of revenue: Colorado pot sales crack $6 billion since 2014 legalization
Colorado marijuana businesses have sold more than $6 billion worth of weed and related products since a voter-approved measure allowing adults over the age of 21 to consume recreational pot took effect in the state on Jan. 1, 2014.
The milestone figure was highlighted Tuesday in a news release from the Colorado Department of Revenue’s Marijuana Enforcement Division, the agency tasked with overseeing both recreational and medical cannabis businesses in the state.
The sales have Colorado on the cusp of another milestone: $1 billion in marijuana tax, licensing and fee revenue. As of the end of January, the state had collected $927 million from those categories — covering both recreational and medical marijuana businesses — since adult-use pot became legal in 2014. Colorado collected more than $266.5 million in taxes, fees and licensing payments in 2018 alone.
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