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Another record month for Colorado rec pot sales

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Submitted by Marijuana News on Tue, 05/12/2015 - 08:00

For the third consecutive month, recreational marijuana sales in Colorado reached record highs in March 2015, according to new Department of Revenue data.

More than $42.7 million of recreational cannabis was sold in Colorado pot shops in March, the most recent data available from the state. Those sales totals crushed previous records set in February ($39.1 million) and January ($36.4 million) 2015.

Another record for the state’s so-called marijuana experiment: Nearly $2.6 million was raised for school construction capital in March via the excise tax on wholesale marijuana transfers. The monthly excise taxes earmarked for schools never topped $2 million in 2014, the first year of recreational pot sales in Colorado or anywhere else — but they’ve raised more than $7 million in the first three months of 2015 already.

Legalization advocate Mason Tvert said the consistently rising recreational sales and tax numbers make sense.

“Consumers are becoming...

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URL: 
http://www.thecannabist.co/2015/05/11/pot-sales-marijuana-taxes-colorado-march/34703/

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