Colorado Marijuana Sales Jump 25 Percent To $750 Million In First Half Of 2017

Colorado’s marijuana retailers have already made more than $750 million in sales halfway through 2017, a 25.7 percent increase compared to the first half of 2016. More than $531 million of those sales were for recreational marijuana, and the rest, nearly $220 million, were for medical marijuana, according to an analysis by The Cannabist. So far, the state has made nearly $116 million in tax revenue and licensing fees through cumulative sales made through June. However, annual growth rates are expected to slow down for Colorado’s marijuana industry. – Read the entire article at Washington Examiner.

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