Colorado Marijuana Sales Top $1 Billion Since Pandemic Began



BY:

Colorado has seen over $1.1 billion in marijuana sales since the COVID-19 pandemic began in this country, according to figures from the state Department of Revenue.

Legal marijuana sales topped $200 million in August for the second month in a row, reaching the second-highest monthly total since recreational sales started in 2014. Counting back to March of this year, when Colorado and the rest of the nation began shutting down over the pandemic, dispensaries have sold over $1.1 billion in marijuana products — and that’s not counting sales in September and October.

Dispensaries sold over $218.6 million worth of marijuana products in August, DOR data shows. Recreational sales accounted for more than $176.5 million (also the second-highest monthly total since 2014), while medical marijuana sales remained strong at just over $42 million.

August marijuana sales saw a slight dip from the record-breaking $226.3 million tallied in July, but still represented more than a 20 percent increase year over year from the same month in 2019.

Although marijuana sales typically start a slow seasonal decline in September, this year has been anything but predictable. After a bumpy start to 2020, state budget projections were bracing for decreasing marijuana revenue, citing declining tourism and resident wages as the pandemic continued. [Read more at Westword]

BY:



More from our Blog

Jan 26
Becoming ‘Plastic Negative’: How Cannabis And Hemp Can Lead The Way In Regenerative Farming

As the climate crisis looms large, the cannabis and hemp industries have begun to take…

Jan 26
Martha Stewart Launches Line Of Cannabis Munchies For Dogs

Martha Stewart launched a line of cannabis-infused pet snacks and oils Tuesday.…

Jan 26
Cannabis in the New Year: Old Challenges Meet New Opportunities

Despite a global pandemic that uprooted businesses around the world, the U.S. cannabis…

Jan 26
Five Key Cybersecurity Trends For 2021

The pandemic has dominated the news in 2020, overshadowing everything else.…

Jan 26
Colombian Producer Delivers Its First ‘Cost-Effective’ Medical Cannabis Export To Australia

COLOMBIAN producer Foliumed has completed its first export to Australia as it looks to…

Jan 25
Hemp Seed Oil and Hemp Soap: Should You Try It?

If you’ve ever eaten hemp seeds, worn a hemp bracelet, or used body care…