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Annual Colorado pot sales surpass $2 billion for first time

Marijuana plant
Posted at 12:16 PM, Jan 13, 2021
and last updated 2021-01-13 14:16:43-05

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.