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Colorado Marijuana Sales Hit $1.5 Billion In 2017

Colorado’s trailblazing cannabis industry has a new high-water mark

Colorado’s trailblazing cannabis industry has a new high-water mark: $1.5 billion. The state’s marijuana shops raked in $1.51 billion sales of medical and recreational flower, edibles and concentrate products during 2017, according to Colorado Department of Revenue data released Friday.

Adult-use sales topped $1.09 billion during the record year, with the remaining $416.52 million coming from medical marijuana. Colorado collected upward of $247 million in taxes and fees revenue from marijuana sales, according to state finance data.

Colorado’s marijuana industry may have notched a new high in 2017 — and a record December in $128.27 million — but analysts and economists caution that sales may soon plateau.

 

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