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Colorado Hits New High as Marijuana Sales Top $1 Billion in 2018

Colorado Marijuana Law

By Associated Press

(AP) — A new Colorado report shows marijuana sales in the state have exceeded $1 billion as of August of this year, with tax revenue from those sales reaching $200 million.

This year’s combined sales reached the billion dollar mark at the earliest point in the four years recreational marijuana has been legal in the state, the Denver Post reports.

The state’s Department of Revenue report indicates medical and recreational marijuana sales are on track to break last year’s record of more than $1.5 billion.

Total Sales through August 2017 reached more than $996 million.

According to the Marijuana Enforcement Division’s 2018 Mid-Year Update, the industry’s hot spots are in Denver, Boulder, El Paso and Pueblo counties, growing 80% of all cannabis in the state as of June 2018.

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