Colorado’s legal marijuana market hit a milestone at the end of 2018, going over $6 billion in combined recreational and medical sales since the...
Legal cannabis sales top $6 billion in Colorado

Colorado’s legal marijuana market hit a milestone at the end of 2018, going over $6 billion in combined recreational and medical sales since the adult-use market launched on New Year’s Day in 2014.

But since 2016, recreational sales have continued to climb as medical sales have taken a serious dip.

In 2018 alone, there was a 20% drop in MMJ sales from the previous year, from $416 million to $332 million.

In 2017, medical marijuana sales slipped from $445 million to $416 million, a 6.5% decrease.

Recreational cannabis, meanwhile, saw an 11% sales increase from 2017 to 2018, from just over $1 billion to $1.2 billion.

In 2017, sales jumped over 26%, and in 2016, sales increased by 49% increase.

Colorado’s medical cannabis market hit a high point in sales, $445 million, in 2016, while the state’s adult-use market continues to grow year-over-year, from just $303 million in 2014 to its current value of more than $1.2 billion.

John Schroyer can be reached at [email protected]

Eli McVey can be reached at [email protected]

Source: Colorado Department of Revenue

MJ Shareholders avatar

MJ Shareholders

MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers




( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )