Colorado marijuana sales hit $1.3B in 2016, up 30% from year earlier

Colorado’s marijuana dispensaries and recreational stores sold $1.3 billion in products last year, up 30% from 2015 and nearly double the total in 2014 when adult-use sales began. According to state data, last year’s sales total is up from $996.2 million in 2015 and nearly $700 million in 2014. Colorado averaged more than $100 million in sales per month last year, the Denver Post reported. Summer was particularly strong, with combined sales totaling $376.6 million in July, August and September, according to the newspaper. But it wasn’t all good news for Colorado marijuana retailers. Prices for ... Colorado marijuana sales hit $1.3B in 2016, up 30% from year earlier is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs