Colorado pot sales hit record — $1.5 billion in 2017; border towns saw a green rush from neighbors
Colorado marijuana shops raked in a record $1.51 billion in sales of medical and recreational cannabis, edibles and concentrate products during 2017, according to Colorado Department of Revenue data, released Friday.
Adult-use sales topped $1.09 billion during the year, with the remaining $416.52 million coming from medical marijuana. Colorado collected upward of $247 million in taxes and fees revenue from marijuana sales, according to state finance data. The previous record was in 2016, when marijuana shops did $1.3 billion in sales. Sales were $996 million in 2015.
While the bulk of Colorado’s recreational marijuana sales occurred in the state’s population hubs of Denver and Arapahoe counties, rural Las Animas County, population 14,083, led the state with more than $3,100 of recreational cannabis sold, on average, for every adult and child.
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Twenty years ago, as a sophomore at University of Colorado Denver, Nathan Brough wrote an economics paper on hemp’s potential to grow the nation’s gross domestic product.