Despite not being to put their money in banks, the cannabis industry in Denver has generated more than $126 million dollars in sales in February.
Per Cannabist
In February, licensed shops brought in nearly $126.1 million in sales, with more than $86.4 million in recreational revenue and $39.6 million in medical marijuana revenue. It’s the third-highest monthly sales total in Colorado’s recreational marijuana era, according to The Cannabist’s calculations of Colorado Department of Revenue data made public Tuesday.
The February 2017 sales total was 15 percent higher than January’s $109 million in sales and up nearly 36 percent from February 2016, according to historical sales data. The state collected roughly $17.5 million in taxes and fees for the month.
It’s the ninth consecutive month in which sales have topped $100 million.
This news should ring good for residents in California and Massachusetts where recreational cannabis is now available.