There was over $135 million in marijuana and marijuana products sold legally in Colorado in September, according to data from the state’s Department of Revenue.
In total there was $135,536,453 in marijuana and marijuana products purchased legally in Colorado in September. This is slightly less than the $141 million sold in August, which set a record in the state for the most marijuana sold in a given month.
Of the $135 million in marijuana sold in September, $27.9 million came from medical marijuana sales, the remainder coming from the sale of recreational marijuana. These sales helped Colorado garner around $20 million in tax revenue for September alone.
This new data brings the state’s total marijuana sales for 2018 to $1,157,781,963, putting Colorado on track to sell around $1.6 billion in legal marijuana by the end of the year. This would a little higher than the $1.5 billion sold in 2017, and nearly 20% more than the $1.3 billion sold in 2016.
Marijuana has been legal in Colorado since 2013, thanks to voters approving a legalization initiative in 2012; the first marijuana store opened in 2014. In Colorado marijuana is taxed at 15%, plus the standard 2.9% statewide sales tax. Revenue is allotted primarily for schools, hospitals and roads.
The post There Was Over $135 Million in Legal Marijuana Sold in Colorado in September appeared first on TheJointBlog.
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Author: Anthony Martinelli