Colorado marijuana sales top $1.3 billion in 2016
Marijuana sales reached $1.3 billion in Colorado during 2016, topping the billion-dollar mark for the first time.
The Denver Post reported the numbers based on just-released data from the Colorado Department of Revenue. The $1.3 billion mark compares with $996.2 million in 2015, the second year of recreational-pot sales, and $699.2 million in 2014.
Colorado recorded $199 million in tax and fee revenue from marijuana sales in 2016, the Post reports.
SPONSORED CONTENT
How Platte River Power Authority is accelerating its energy transition
Platte River Power Authority, the community-owned wholesale electricity provider for Northern Colorado, has a history of bold initiatives.
Marijuana sales reached $1.3 billion in Colorado during 2016, topping the billion-dollar mark for the first time.
The Denver Post reported the numbers based on just-released data from the Colorado Department of Revenue. The $1.3 billion mark compares with $996.2 million in 2015, the second year of recreational-pot sales, and $699.2 million in 2014.
Colorado recorded $199 million in tax and fee revenue from marijuana sales in 2016, the Post reports.
…THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!