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July brings record sales to pot industry in Colorado

Posted at 1:58 PM, Sep 13, 2016
and last updated 2016-09-13 20:01:48-04

DENVER — July marijuana sales in Colorado reached an all-time high.

Denver7 partner The Denver Post reports nearly $122.7 million in medical and recreational sales for the summer month.

The reports show data from the Colorado Department of Revenue shows a 27 percent increase from July 2015. 

Including the record month of July, Colorado’s marijuana industry generated $720.4 million in sales for the first seven months of the year.

The taxes collected from retail pot sales through July totaled nearly $105.8 million, which will go toward school construction projects. 

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

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