Colorado Marijuana Sales Exceeded $1b Through August

DENVER (AP) — A Colorado reports shows marijuana sales in the state have exceeded $1 billion as of August of this year, with tax revenue from those sales reaching $200 million. The Denver Post reports the state Department of Revenue report indicates medical and recreational marijuana sales are on track to break last year's record of more than $1.5 billion. This year's combined sales reached the billion-dollar mark at the earliest point in the four years recreational marijuana has been legal in the state. Total Sales through August 2017 reached more than $996 million. According to the Marijuana Enforcement Division's 2018 Mid-Year Update, the industry's hot spots are in Denver, Boulder, El Paso and Pueblo counties, growing 80 percent of all plants in the state as of June. ___ Information from: The Denver Post, http://www.denverpost.com Read more on NewsOK.com

 

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