Colorado: $64 Million in Legal Cannabis Sold in September
There was $31.6 million in legal recreational cannabis sold in the State of Colorado in September, according to new numbers released by the state’s Department of Revenue. In the same month, medical cannabis sales reached $32.4 million.
In total, the state brought in over $7 million in taxes from cannabis sales in September, bringing the total for the year to over $50 million.
The $64 million in legal cannabis sold in September is down slightly from August’s numbers, when sales were just over $65 million for the month. The likely reason for the decline is reduced tourism, as schools are in-session and the ski season is not yet underway.
In Colorado, the possession, cultivation and state-licensed distribution of up to an ounce of cannabis is legal for those 21 and older, thanks to the passage of Amendment 64 in 2012. Recreational cannabis sales officially began on January 1st. Similar initiatives were approved this month in Oregon and Alaska.