High Returns: Colorado Pot Sales Over $100 Million a Month Is ‘the New Norm’

Marijuana sales in Colorado are soaring. The state, which legalized adult pot use in 2014, achieved a milestone in May, when pot sales topped $100 million for the 12th consecutive month, according to a Thursday report by marijuana news site The Cannabist.

Colorado sold over $127.7 million worth of cannabis flower, edible products and concentrates in May, according to The Cannabist’s analysis of the state’s marijuana tax data. More than $35.7 million of sales stemmed from medical marijuana purchases, and recreational-use items generated $90.1 million in sales.

Bethany Gomez, director of research for marijuana market research firm Brightfield Group, told the site that hitting the $100 million mark has become “the new norm” in Colorado, with some $1.4 billion in sales between May 2016 and May 2017. During that time, Colorado racked up over $233 million in taxes and license fees.

... read more at: http://www.newsweek.com/colorado-marijuana-sales-legalization-2017-637126

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