Marijuana Sales Top $100 Million In Colorado
Woah! Marijuana sales blazed past the $100 million mark for the first time in August, reports the Denver Post.
According to sales data from Colorado's Department of Revenue released last week, sales of recreational pot topped $59.2 million for the month, while medical marijuana dispensaries pulled in $41.4 million, for a combined $100.6 million -- the highest monthly total since legal recreational cannabis sales began in Colorado in January 2014.
Yahoo says its the seventh time in eight months that marijuana sales in Colorado have exceeded the previous month's total. In May, combined recreational and medical sales ($74.31 million) fell slightly from April ($74.64 million).
"It means that $100 million is going to licensed, taxpaying businesses, creating jobs and helping to build new schools," Dan Riffle, director of federal policies for the Marijuana Policy Project, told Yahoo News. "Instead, of going to cartels and drug dealers — as is the case in the 46 states that don't regulate marijuana."
Between the three states that legally allow the sale of marijuana -- Colorado, Washington and Oregon -- sales could easily surpass $1 billion in 2015. In fact, Colorado can surpass $1 billion on its own.