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Home 🌿 Marijuana Business News 🌿 Report: Marijuana sales in CO at $740M so far in 2015 🌿Report: Marijuana sales in CO at $740M so far in 2015
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The subscription service is currently unavailable. Please try again later.Analysis by Boulder firm shows recreational sales up 81 percent
Preliminary data released from Boulder data analysis firm BDS Analytics has confirmed what tax revenues have already shown: Coloradans love legal pot.
All told, dispensary sales in the state were $290 million for the quarter, a 53 percent increase over last year's $190 million quarterly sales.
Year to date, dispensary sales are about $740 million.
"Marijuana is going to be a $1 billion business in Colorado this year, or very damn close," said Roy Bingham, founder and CEO of BDS. "It's the fastest growing industry in America, I would say."
A full consumer report, the first of its kind, is due out near the end of the year.
Recreational sales drove that growth, generating $170 million in revenue, up a whopping 81 percent over last year's $94 million and far outstripping gains in medical sales: 22 percent growth from 2014...
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