Denver, CO — Retail sales of marijuana in Colorado totaled well over $1 billion in the first ten months of 2016 and are estimated to reach $1.3 billion by year’s end, according to data provided by the state’s Department of Revenue.
The sales totals are an increase over last year, when retailers sold $996,184,788 in marijuana-related products.
Cannabis sales in 2016 have yielded an estimated $151 million in tax revenue to date, $40 million of which will be directed toward school construction.
Year-end totals for 2016 will not be available until February.
For more information, please contact Erik Altieri, NORML Executive Director, at (202) 483-5500 or Paul Armentano, NORML Deputy Director, at: firstname.lastname@example.org.