You are here
Home 🌿 Recreational Marijuana News 🌿 Marijuana sales hit $100 million in August in Colorado 🌿Marijuana sales hit $100 million in August in Colorado
DENVER - People spent more than $100 million dollars on marijuana in one month in Colorado.
That's a new record high. And if the trend continues, sales will set another new record next month, and the month after that, and on and on.
In August, recreational marijuana sales totaled $59.2 million and medical marijuana sales came in at $41.4 million, according to sales data from the Colorado Department of Revenue.
Colorado collected more than $13 million total in taxes, licenses and fees on marijuana in August 2015. That's up 70 percent from August 2014.
"Total marijuana tax revenue includes the 2.9% retail and medical marijuana sales tax, 10% retail marijuana special sales tax, 15% marijuana excise tax, and retail/medical marijuana application and license fees," the Department of Revenue website states.
Recreational marijuana sales began on Jan. 1, 2014 in Colorado after voters passed Amendment 64.
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin