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WIRE: Colorado retail cannabis sales crest $6 billion

Denver, CO: Over $6 billion of cannabis and cannabis-infused products have been legally sold by licensed retailers in Colorado since 2014, according to data provided by the Colorado Department of Health. Colorado became the first state to permit licensed marijuana sales on January 1, 2014.

In 2018, total retail sales revenues were over $1.5 billion — a figure that was largely in line with 2017 sales data. It is more than double the amount of revenue reported in 2014. The majority of retail sales were purchased by recreational marijuana consumers.

According to data compiled earlier in the month by the Institute on Taxation and Economic Policy, state and local excise taxes collected on retail adult use cannabis sales nationwide surpassed $1 billion in 2018 — a 57 percent increase over 2017 levels.

For more information, contact Justin Strekal, NORML Political Director, at (202) 483-5500.

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