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How Does It Feel To Be In A $1-Billion Industry That Outsells Oreo Cookies?

Submitted by Julia Wright - ... on Tue, 04/12/2016 - 08:45

More and more Americans are spending more on legal cannabis - and in Colorado, the gains aren't expected to decrease anytime soon.

Incredibly, folks in the Evergreen State spent almost a billion dollars on marijuana products in 2015, topping exponentially the sales of consumer products ranging from Oreo cookies to Dasani bottled water, according to data released by Forbes,. The total expenditures - some $996,184,788 - meant that the state also collected more than $135-million in taxes on legal cannabis sales, which goes primarily toward funding schools and drug-education initiatives. 

The legal cannabis industry also continues to create new jobs in Colorado: some 26,929 occupational licenses had been issued as of December 2015 – an increase of 68 percent over the previous year - and the actual number of people working in the industry could be much higher than the officially-reported figures. 

It's little wonder that business owners in...

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