Colorado marijuana sales top $750 million at 2017 midpoint
Halfway through 2017, Colorados marijuana retailers amassed more than $750 million in sales, according to The Cannabists extrapolations of the latest tax data released by the state.
Covering both the medical and adult-use markets, the sales of flower, edibles and concentrates through June 2017 are up 25.7 percent compared with the first half of 2016, The Cannabists calculations show.
The cumulative sales made through June equate to nearly $116 million in tax revenue and license fees for the state.
The Colorado Department of Revenue on Thursday published the report for marijuana sales and excise taxes remitted in July. The receipts largely reflect sales made in June, but could include some variance based on incomplete or late returns from prior months.
Barring any major variance in returns, June appears to have been a near-record month for Colorados marijuana shops, with $131.65 million in total sales. That would trail the high of $131.69 million set earlier this year in March, but extends the streak of $100 million monthly sales to 13 months.
Adult-use transactions accounted for $95.54 million, or more than 72 percent, of Junes sales. The $36.11 million of medical ...
