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Home 🌿 Medical Cannabis News 🌿 Colorado pot sales soar to record in January, bringing $2.3 million for schools 🌿Colorado pot sales soar to record in January, bringing $2.3 million for schools
Colorado pot businesses sold a record amount of marijuana in January, resulting in an excise tax of $2.3 million designated for public schools, state officials said Wednesday.
Based on the Colorado Department of Revenue data, around $36.4 million of recreational marijuana was sold this January compared to about $14.69 million sold the same month last year.
"This is really what we expected and hope to see: a shift in the underground market to a regulated market," said legalization advocate Mason Tvert. "It's clearly generating significant revenue for the state."
Tvert said since most pot shops didn't start opening until later in 2014, looking at sales numbers from this year to last might not be the best comparison. From here on out, he said he expects the amount of revenue to continue to grow, fluctuating with the ebb and flow of tourists.
Nick Brown, left, owner of High Country Healing, left...
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