You are here
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
Warning message
The subscription service is currently unavailable. Please try again later.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...
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