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2020 Has Become Colorado’s Highest-Selling Year for Marijuana


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CO Cannabis Law

By Associated Press

(AP) — Colorado dispensaries have sold more marijuana in the first 10 months in 2020 than compared to a record-setting sales year in 2019, officials said.

The Department of Revenue said dispensaries made about $200 million in October, pushing the state’s annual revenue to more than $1.8 billion this year and making it the highest selling year since recreational marijuana hit the market in 2014, The Denver Post reported. Last year, sales reached about $1.75 billion.

Marijuana sales were expected to exceed the previous record despite the coronavirus pandemic, and the state hit an all-time monthly high in July with $226 million in sales. It was the first time monthly revenue surpassed $200 million.

Consumers purchased about $170 million worth of recreational cannabis and about $39 million worth of medical marijuana in October, a 33% increase compared to October 2019.

The state collected more than $35 million in taxes and fees during the month.


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Arizona legalized marijuana for recreational use in November 2020. The law allows adults aged 21+ to purchase, possess and use cannabis. State-licensed cannabis dispensaries began selling recreational marijuana in early 2021. There are over 150 dispensaries in Arizona — a majority of them are in populous areas such as Phoenix, Tucson and Flagstaff. Recreational cannabis delivery services began operating in 2024.  


AZ Cannabis Updates