Colorado pot sales: Almost $500M through five months

[poledriver]

Colorado pot sales: Almost $500M through five months

Colorado marijuana shops have sold more than $486 million of cannabis flower and products in the first five months of 2016

In the first five months of 2016, Colorado marijuana sales already were starting to flirt with the half-billion mark.

Colorado recreational pot shops and medical marijuana dispensaries reeled in nearly $98.6 million in sales during May, bringing the year-to-date tally for 2016 to just over $486 million, according to Colorado Department of Revenue tax data released Wednesday.

The state’s cannabis industry very well could surpass $1 billion in sales by November, if the coming months’ sales keep pace with 2015 monthly revenue.

The May sales — $37.7 million from medical and $60.85 million from retail — represent the fourth-highest monthly total since Colorado started recreational sales in January 2014.

Colorado’s monthly marijuana sales set a record $117.4 million last month — likely buoyed by the April 20 marijuana holiday.

The May sales of flower, edibles and concentrates resulted in a nearly $14.5 million boost to Colorado coffers. Through May, taxes and license fees have contributed upward of $71.4 million in tax revenue, according to the data.

http://www.thecannabist.co/2016/07/13/colorado-marijuana-sales-may-2016-pot-tax-revenue/58255/

 

[slimvictor]

$1 Billion a year is a big business, just in that one state.
I guess it is:
Bigger than the movies.
Bigger than tourism.

It's the BIGGEST FUCKING THING IN CO except for the mountains.

I want that Rocky Mountain High.

 

[Felonious Monk]

At the same time Pennsylvania is extending their sales tax to digital store purchases (for example, a 99 cent app). Not ironic, not ironic at all.

I want that Rocky Mountain High.

NSFW:

 

[manboychef]

That is an awesome song. Still love the song Country Roads.