New Record: Colorado Marijuana Sales Topped $226 Million In July
ColoradoMarijuana Industry NewsMedical MarijuanaRecreational Marijuana September 17, 2020 MJ Shareholders 0
Marijuana sales continue to set new records in Colorado, eight years after recreational use was legalized in the state. Sales topped $226 million in July, according to the Department of Revenue.
Marijuana dispensaries were deemed essential businesses during the coronavirus pandemic and were allowed to remain open during the stay-at-home order. Colorado also made online sales of recreational marijuana legal during the pandemic. Delivery of medical marijuana is legal now and the delivery of recreational cannabis will be legal in 2021.
So far in 2020, people have bought more than $1.2 billion worth of pot products in Colorado. That means the state has collected more than $240 million in taxes.
The office of Gov. Jared Polis released the following statement on Wednesday:
“Colorado’s cannabis industry is a model for the country, is thriving and continues to help create good-paying jobs. There is increased cannabis competition across the country but Colorado is still the green standard for cannabis investment, innovation, and to build up a business. The tax revenue helps communities invest in public school construction and health and safety protections.
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