Colorado marijuana shops sold more than $1 billion of cannabis in first 10 months of 2016

By Ricardo Baca, The Cannabist Staff

In the first 10 months of 2016, Colorado marijuana shops reached a significant milestone they had barely missed in all of 2015: $1 billion in legal, regulated cannabis sales.

Recreational and medical cannabis shops in America’s first 420-legal state have sold nearly $1.1 billion of marijuana and related products in 2016, according to the new October data from the state’s Department of Revenue.

When 2015’s year-end marijuana tax data was finally released in February, Cannabist calculations showed $996,184,788 in sales at Colorado marijuana shops that year — spurring a leading industry attorney to tell us at the time, “I think it’s ethical to round that up to a billion.”

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http://www.denverpost.com/2016/12/12/colorado-marijuana-shops-billions-in-cannabis-pot/