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Cannabis on JPR

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CO sold $1.3 billion worth of marijuana in 2016

  • Jan Boehmermann (2493 posts)
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    CO sold $1.3 billion worth of marijuana in 2016

    In 2016, Colorado’s dispensaries bagged $1.3 billion in recreational and medical cannabis sales, based on Colorado Department of Revenue tax data released Thursday.
    To put the state’s third year of regulated recreational marijuana sales in perspective, Year One totaled $699.2 million (combined with medical sales) and Year Two jumped up to $996.2 million. The trend should continue in Year Four, but beyond that? It’s a murkier proposition.
    “Colorado has had a really good run, being the first mover,” said Miles Light, an economist with the Marijuana Policy Group, which provides economic and market consulting services to legal cannabis markets. “Now, as other states legalize, some of these external benefits that are occurring are going to be eroded.”

    http://www.thecannabist.co/2017/02/09/colorado-marijuana-sales-2016/73415/

    Pastiche, Enthusiast, Magical Thyme and 6 others7wo7rees, zoolook67, Scuba, elias39, Johnny Rash, Rocco like this

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  • zoolook67 (533 posts)
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    1. The State of Colorado made 199 million.

    Recreational sales were 875 million of the 1.3 billion.

    Anybody care to guess how much illegal sales were, in addition?

    Another 875 million? Another 1.3 billion?  More?

    Viva  Colorado!

     

    Living well is the best revenge.
    • Jan Boehmermann (2493 posts)
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      2. Please tell us about these so-called "illegal" sales you speak of……..

      • zoolook67 (533 posts)
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        3. I live next door. Can't help overhearing…things.

        Living well is the best revenge.
        • Jan Boehmermann (2493 posts)
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          4. Yup! State next door ……..very jealous of money they didn't get!

          I bet they’re  talking about it! 

          • zoolook67 (533 posts)
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            5. Yes, they are!

            We have a pretty good medical pot system now (relatively speaking) and

            Dems controlling legislature, but a real crappy governor. So, who knows?

            Living well is the best revenge.