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Home / Business / Colorado marijuana sales hit $1.5 billion in 2017

Colorado marijuana sales hit $1.5 billion in 2017

By Alicia Wallace

Colorado’s trailblazing cannabis industry has a new high-water mark: $1.5 billion.

The state’s marijuana shops raked in $1.51 billion sales of medical and recreational flower, edibles and concentrate products during 2017, according to Colorado Department of Revenue data released Friday.

Adult-use sales topped $1.09 billion during the record year, with the remaining $416.52 million coming from medical marijuana. Colorado collected upward of $247 million in taxes and fees revenue from marijuana sales, according to state finance data.

Read more at The Cannabist

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