Sunday, 15 February 2015

Colorado’s legal weed market: $700 million in sales last year, $1 billion by 2016

Colorado’s legal weed market: $700 million in sales last year, $1 billion by 2016


Legal marijuana was a $700 million dollar industry in Colorado last year, according to a Washington Post analysis of recently-released tax data from the state's Department of Revenue. In 2014, Colorado retailers sold $386 million of medical marijuana and $313 million for purely recreational purposes. The two segments of the market generated $63 million in tax revenue, with an additional $13 million collected in licenses and fees.

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