Colorado marijuana gross sales hit a file begin in 2021

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Marijuana sales in Colorado got off to a hot start in 2021, according to the U.S. Treasury Department. The pharmacies achieved their best performance in January since recreational sales began in 2014.

Over $ 187.6 million in marijuana products were sold in the state in January, DOR data documents, up 34.8 percent from January 2020, and even a small increase from the previous month – the first time that marijuana sales rose from December through January since the first year of recreational sales.

Medical and recreational marijuana sales both peaked individually in January, registering approximately $ 35.9 million.

While far from Colorado’s highest monthly marijuana sales (that was $ 226.4 million in July 2020), this January sales figures represent a huge jump in the seasonally slow winter market. As a reference, January pharmacy sales would have been the seventh highest month in 2020, and nearly $ 10.4 million more than any month in 2019. If January remains the worst or second worst month for pharmacy sales – as it did in any case the year before – 2021 is well on the way to becoming another record year for commercial weed.

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January marijuana sales were responsible for nearly $ 35 million in state tax revenue, according to DOR data. From early 2014 through January 2021, medical and recreational marijuana sales accounted for nearly $ 10.2 billion in total revenue and over $ 1.6 billion in tax revenue.

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COLORADO SALES DEPARTMENT

Colorado Department of Revenue

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