In March 2017, licensed Colorado marijuana shops hauled in more than $131 million in sales; it’s the tenth month in a row sales have topped $100 million, and the sustained double-digit growth rate caught the attention of some analysts and economists contacted by The Cannabist.
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Sales tax revenue generated for the state during March was $22.9 million, according to the Colorado Department of Revenue.
by the end of the year, that could add up to an industry boasting $1.6 billion in sales
“We’re surprised that sales continue to grow so quickly,”…“We are not surprised that almost all of the sales growth is in the retail marijuana space.”
Source: Colorado marijuana sales in March 2017 top $132 million, setting new record
