The state of Colorado is basically printing money at this point thanks to recreational cannabis sales. The Centinnial state has been breaking record after record when it comes to sales. This past March was no different.
Per Lexichronic
Sales tax revenue generated for the state during March was $22.9 million, according to the Colorado Department of Revenue. The state’s licensed marijuana shops captured nearly $132 million of recreational and medical cannabis sales in March, according to The Cannabist’s extrapolations of state sales tax data made public Tuesday. The Colorado cannabis industry’s unbridled growth hasn’t waned — in fact, it’s still setting records. If the current growth rates keeps up, April 2017 should be another record month, and the summer of 2017 should set new highs, Livingston predicted. The monthly sales haul of $131.7 million sets a new record for Colorado’s relatively young legal marijuana industry, besting the previous high of $127.8 million set last September, The Cannabist’s calculations show.
That’s a ton of money generated by the plant.
