Colorado’s January Marijuana Sales Revenue Revealed

Recreational marijuana sales in Colorado have netted over 14 million dollars in January.  The revenue department announced that roughly $420,000 in retail sales tax from recreational marijuana stores were collected over the month.

Many believe that this number won’t always be quite as high since January did mark the first time recreational marijuana could be purchased anywhere inside the United States, but if this trend were to continue, Colorado would see roughly $173 million in sales for the year.

Medical marijuana sales in the Rocky Mountain state have not been hindered by the newly available recreational market. Sales hit just around the monthly average of $30 million in dispensaries who solely cater to medical patients. If this trend were to continue the combined annual sales of marijuana would be close to $540 million in 2014, and this number could also increase drastically with the openings of new recreational marijuana stores.

These numbers are certainly something that other states are going to take notice of when deciding whether or not medical marijuana should be included on their ballots this coming November.