Colorado marijuana sales set record for the month of March, according to new report

Posted at 6:06 PM, May 11, 2017
and last updated 2017-05-11 20:23:08-04

DENVER – Colorado has once against set a new record for marijuana sales for the month of March, according to state sales tax numbers released this week.

In March, Colorado generated $22.9 million of sales tax revenue from recreational and medical pot, numbers from the Colorado Department of Revenue show.

Year-to-year, sales topped $132 million, setting a new record for the budding Colorado marijuana industry – the tenth consecutive month that sales have topped $100 million, according to the Cannabist.

The numbers show sales in March increased by 48.1 percent from sales in March 2016.

License and applications fees for medical and retail marijuana businesses for the month of March were down by 25.4 percent and 8.5 percent, respectively.