DENVER (AP) — Marijuana sales in Colorado in November pushed the industry’s annual revenue over $2 billion for the first time since cannabis was legalized for recreational use by a 2012 ballot measure.
Data released by the state Department of Revenue on Tuesday show recreational and medical sales for marijuana accounted for about $175 million in revenue in November.
While the month’s revenue was down about 12% compared to October, the numbers were sufficient to help the state surpass the $2 billion annual revenue threshold for the year.
The state collected about $32 million in taxes and fees from marijuana sales in November.
