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Colorado Hits Billion Dollar Sales Mark in Nine Months

October 13, 2017
In this Friday, Dec. 9, 2014, file photograph, Matt Hart holds up a bud of Lemon Skunk, the most potent strain of marijuana available at the 3D Dispensary in Denver. (David Zalubowski/AP)
According to data from the Colorado Department of Revenue, the Rocky Mountain state sold over $1 billion dollars in cannabis through the first nine months of 2017.

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It took the state 10 months to reach the billion dollar mark in 2016. Sales totals through the first nine months of this year have reached a total of about $1.1 billion—the highest amount of total sales to date in the country.

When comparing the data to last year, through 9 months of sales Leafly found that Colorado totaled $942 million, with the totals in 2017 so far showing there was over a $100 million dollar increase in sales from the same time period, totaling $1,118,207,832.87 in sales.

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Through the first nine months of 2017, Colorado has seen a fairly steady increase from the year prior, with the state routinely breaking its total sales record in the past 6 months–first in March, and then in July, when the state totaled more than $136 million in total cannabis sales, when combining adult-use sales and medicinal marijuana sales.

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The state initiated a different taxing structure in July 2017, with the special sales tax rate for recreational marijuana sales increasing from 10% to 15%. The new law exempted adult-use cannabis sales from the 2.9% standard state sales tax rate.

Medical marijuana and accessories are still subject to that 2.9% special sales tax rate, however.

Gage Peake's Bio Image

Gage Peake

Gage Peake is a former staff writer for Leafly, where he specialized in data journalism, sports, and breaking news coverage. He's a graduate of the University of Nebraska-Lincoln's College of Journalism and Mass Communications.

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  • klw

    Now we need to get rid of that idiot Sessions. This is great news, it’s getting real hard to ignore the revenue being generated.

    • Trevor Jeffreys

      So true

  • Gonna CTCBOT

    Sessions is an antiquated dinosaur. It’s unfortunate that Amerca must suffer through his ever decreasing cognitive disabilities.

    • Shawn Griffiths

      Agreed

    • Trevor Jeffreys

      True

    • Krystyna

      Lol accurate depiction. Sessions needs a session

  • Louise Waltman

    How and when should you trim marijuana plants?

    • LinnyBoo

      Google it

  • remcycle

    Excellent news! Congrats Colorado!!!

  • forkboy29

    A friendly heads up GAGE PEAKE (or to your editor): In the first sentence, you don’t need to write “dollars” if you’re using the dollar sign symbol. A”…the Rocky Mountain state sold over $1 billion dollars in cannabis…”. It otherwise reads in one’s mind as “one billion dollars dollars”.

    • Sean Lemaster

      Hahahaha

  • RWGarcia

    Just some thoughts for all if you. Sessions is not the problem. He must by his job description enforce the laws of the land. Your anger needs to be at our congressman and senators. They have to have the courage to simply remove our marijuana from the list of class one narcotic. That’s what has to happen. Turn your anger where it needs to be. I personally do not want my Attorney General picking and choosing what laws to enforce. That’s Venezuela. CHANGE THE LAW.

  • RWGarcia

    In fact, that should be our simple message.
    CHANGE THE LAW