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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