‘New Norm’ in Colorado? $100 Million Monthly Marijuana Sales
Pot sales in the state surpassed the $100 million mark for the 12th consecutive month in May.
While it’s still unclear where the Trump administration stands on marijuana, one state might as well have discovered its own El Dorado.
Per The Cannabist, Colorado has been hauling in $100 million a month in marijuana revenue through May, when it reached a total of $127.7 million. What’s more? That’s not even the record month. That would be this past March, when sales crested at $131.7 million. (According to the publication, sales totals include “flower, edibles, and concentrates.”) And May’s total marks the 12th consecutive month of $100 million sales or greater.
“I think that $100 million a month [in sales is] the new norm,” Bethany Gomez, director of research for Brightfield Group, a market research firm focused on the cannabis industry, told The Cannabist.
Of course, those revenue totals aren’t just a pat on the back for marijuana industry purveyors; the state of Colorado brought in nearly $223 million in taxes and license fees, too.
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