Colorado’s marijuana industry continued to surge in 2016 with sales jumping by almost a third from 2015, according to new data from the Colorado Department of Revenue.
Altogether recreational and medical marijuana sales totaled $1.3 billion. That’s compared to $996.2 million in sales in 2015, a Denverite analysis of tax data released Thursday shows.
Recreational marijuana users led the way increasing sales by 49 percent from 2015 to 2016. That’s compared to only a 7 percent growth in medical marijuana sales.
Altogether, the sales generated $198.5 million for the state in taxes and fees. The Marijuana Policy Project pointed to that figure as evidence that legalization is benefiting Colorado and said, “The system is working.”
Continue via… Source: Chart: Colorado marijuana sales topped $1 billion in 2016 – Denverite