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Colorado pot sales reach $1 billion in first 10 months of 2016

Colorado pot sales reach $1 billion in first 10 months of 2016
Posted at 8:09 PM, Dec 12, 2016
and last updated 2016-12-12 22:09:22-05

DENVER -- Business had been very good for pot shops.

New numbers released Monday show Colorado dispensaries sold more than $1 billion in marijuana in just the first 10 months of the year. That is a milestone for the industry.

The taxes collected from retail pot sales through October totaled $151.4 million.

Denver7 partner the Denver Post reports that 2016 pot tax totals could surpass taxes from 2014 and 2015 combined.

Last year, Colorado marijuana businesses sold more than $996 million in pot products.

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