Colorado’s Annual Marijuana Sales Revenue Tops $2 Billion For First Time – CBS Denver

DENVER (AP)Marijuana sales in Colorado in November pushed the industry’s annual revenue over $2 billion for the first time since recreational marijuana hit the market in 2014.

(credit: iStock/Getty)

Last year, sales reached about $1.75 billion.

Data released by the state Department of Revenue on Tuesday show recreational and medical sales for marijuana accounted for about $175 million in revenue in November.

While the month’s revenue was down about 12% compared to October, the numbers were sufficient to help the state surpass the $2 billion annual revenue threshold for the year.

The state collected about $32 million in taxes and fees from marijuana sales in November.

RELATED: Cannabis In Colorado: Aurora Approves Plan To Allow Marijuana Delivery

(© Copyright 2021 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Latest posts