Politics 

The latest in cannabis legalization including laws and policies, legislators’ views, election coverage, and more.

Colorado Cannabis Breaks Sales Record (Again)

The Colorado cannabis industry raked in record revenue last month, bringing in $117.4 million in total receipts. It’s the third time in the history of the state’s legal cannabis program that total sales topped $100 million.

A majority of the windfall — $76.7 million —came from adult-use cannabis sales, according to state figures. The previous peak in the recreational market came in December 2015, when retail shops brought in $62.2 million.

As The Cannabist notes, the record industry numbers also mean a big windfall for the state:

The more than $5.5 million collected in excise tax is a monthly record from when recreational sales began in January 2014, and brings the yearly total to $16.7 million.
Through four months, Colorado has amassed almost $57 million in taxes and fees for medical and recreational cannabis.

But April is no ordinary month in the cannabis community, and 4/20 played an outsized role in the record sales. The week preceding April 20 brought in $34 million in retail sales, while day-of sales hit $7.3 million, far eclipsing the $6.1 million single-day record set in September 2015.

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Whether a sign of more consumers moving away from the black market or simply a reflection of more adults indulging — data suggest both are happening — it’s clear that Colorado’s cannabis industry isn’t slowing down anytime soon.