Indopedia All Things Marijuana
Colorado’s cannabis industry continues to break its own performance records from the previous years, according to the latest data from the state Department of Revenue.
Throughout the first eight months of 2017, the state raked in more than $1 billion from the combined sale of medical and recreational marijuana – a feat that took 10 months to accomplish back in 2016.
This means that not only has the state experienced a more than 20 percent increase in overall cannabis sales, but it has also secured more than $162 million in taxes and fees.
A breakdown of the data, which provided by the Denver Post’s marijuana-specific webzine The Cannabist, shows that the majority of the flower, edibles and concentrates were sold through the state’s recreational sector ($100.3 million), while almost another $37 million was earned through the medical marijuana community.
The news of Colorado’s burgeoning cannabis market should come as no surprise. In February, just one month after President Donald Trump started raising his own unique brand of hell in the White House, some of the data coming out of the Centennial State showed that dispensaries had already sold slightly over…
