Colorado Sold a Record $1.75 Billion of Cannabis Last Year
This time last year, it appeared that Colorado’s industry was plateauing. Now it’s surging.
Colorado cannabis shops notched sales of nearly $1.75 billion during 2019, setting a new annual sales record for the state home to the nation’s longest-established recreational cannabis industry, according to Colorado Department of Revenue data first reported by the Denver Westword.
The new high water mark for sales netted more than $302.4 million in tax revenue for the state’s coffers, where that money is divvied up into various buckets to fund programs such as school construction, law enforcement, public health, drug education and public safety.
– Read the entire article at CNN.