Colorado marijuana retail stores report over $25 million in revenue
Published on Aug 11, 2014
According to Colorado's recent tax report, marijuana sales in retail stores have reported over $25 million in sales. This comes with a 14% increase since May, when recreational sales were reported at $22 million.
Medical cannabis sales have slipped several times this year as the recreational industry gains steam. But dispensaries still racked up $194 million in revenue through the first six months of the year. The state has pulled in roughly $30 million from taxes, licenses and fees tied to medical and recreational marijuana in 2014.