Sales Records In 2020 Push Total Colorado Cannabis Sales Near $10 Billion

Since cannabis was first legalized in Colorado in 2014, cannabis sales have been steadily increasing every year. Since the state began tracking sales in 2014, more than $9.9 billion in sales have been conducted – with more than $2.19 billion in sales in 2020 alone. This represents a year-over-year increase of 25.35%, smashing the 2019 $1.7 billion Colorado cannabis sales record.

2020 Is The Best Year On Record For Colorado Cannabis Sales

As mentioned, overall sales for cannabis products in Colorado reached a stunning $2.19 billion. These sales figures collect all of the sales made by both medical and retail marijuana stores, which are measured monthly on a county-by-county basis. Full records can be found here, if you’re interested.

Most stunningly, Colorado cannabis sales reached $186 Million in December alone, representing the single highest sales month the state has ever seen.

Overall, since the introduction of legal recreational marijuana in 2014, the taxes and fees levied on cannabis have generated more than $1.63 billion in tax and fee revenue for Colorado. This funding has been primarily used for transportation and education funding at both state and local levels.

Thanks to the success of its state regulation program, the future is bright for cannabis in Colorado, and sales of recreational and medical marijuana are likely to continue to grow in the future and generate even more much-needed tax revenue.

Get The Medicine You Need – Schedule Your Appointment For A Red Card Today!

At Medical Alternatives Clinics, we’re here to help you get access to the medicine you need. If you need a red card for medical marijuana in Colorado, our team is here to help.

We can assist you in getting your medical marijuana card in Colorado Springs or Pueblo, So book online now to schedule an appointment and see if you’re a suitable candidate, or contact us if you have any further questions or need more information.