Colorado Marijuana Sales Up Nearly 25 Percent From Last Year


Marijuana sales are experiencing their annual fall dip in Colorado, but they’re still comfortably outperforming last year, according to figures from the state Department of Revenue.

Dispensaries tallied almost $206.5 million in sales during September, state data shows, a slight drop from August and nearly 9 percent less than the monthly marijuana sales record set in July of $226.37 million. But the DOR’s latest figures show that September 2020 sales were almost 25 percent higher than in September 2019, as the demand for Colorado marijuana continues to increase.

Recreational sales accounted for over $166.5 million in September, according to the DOR, while medical marijuana brought in more than $39.9 million. This was the first time since April that medical sales failed to crack the $40-million mark; however, medical marijuana sales have enjoyed a strong year overall, and are on pace for their highest year since 2016.

Including September sales, DOR data shows Colorado pot shops have brought in well over $1.3 billion in transactions since March, when the nation began shutting down and taking precautions for the COVID-19 pandemic. As of the end of September, this year’s sales are just $106 million away from the annual record set in 2019 —- and there are still three months of figures to report. [Read more at Westword]

The post Colorado Marijuana Sales Up Nearly 25 Percent From Last Year appeared first on Cannabis Business Executive – Cannabis and Marijuana industry news.


More from our Blog

Nov 24
LED grow lights are more affordable than ever for cannabis cultivators

Growing Presented BySpider Farmer November 24, 2020 For cannabis growers, lights are a…

Nov 24
How to Store Marijuana Seeds Properly

There’s a lot of reasons to store cannabis seeds rather than just planting them…

Nov 24
How To Promote Your Cannabis Business Online

Cannabis is a big business all around the world. With more states legalizing cannabis…

Nov 24
Remembering Franco Loja and his lasting influence on modern cannabis

If you’re a fan of — or have even heard about — famous cannabis…

Nov 24
Lawmakers planned to pass a legal weed bill Monday. Here are the disputes that stopped it from happening.

After last-minute disputes forced the Assembly and Senate to cancel Monday votes on…

Nov 23
Mexican Senate passes bill to legalize marijuana nationwide

Mexico’s Senate approved a bill to legalize marijuana nationally last Thursday.…