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Colorado sold $1.3 billion worth of marijuana in 2016

It’s a billion-dollar business — and then some.

In 2016, Colorado’s dispensaries bagged $1.3 billion in recreational and medical cannabis sales, based on Colorado Department of Revenue tax data released Thursday.

To put the state’s third year of regulated recreational marijuana sales in perspective, Year One totaled $699.2 million (combined with medical sales) and Year Two jumped up to $996.2 million. The trend should continue in Year Four, but beyond that? It’s a murkier proposition.

“Colorado has had a really good run, being the first mover,” said Miles Light, an economist with the Marijuana Policy Group, which provides economic and market consulting services to legal cannabis markets. “Now, as other states legalize, some of these external benefits that are occurring are going to be eroded.”

Read more here: http://www.thecannabist.co/2017/02/09/colorado-marijuana-sales-2016/73415/

25 comments
Ellie Zimmerman
Ellie Zimmerman

And none goes to teachers and students for education?????? And not helping those of us who are struggling from the thousands that moved here just bc it was legal

Matt Rogers
Matt Rogers

It was put into a grant and unless you were considered a Title I district basically you were told not to apply.

Ellie Zimmerman
Ellie Zimmerman

Yeah I work at a school that's not Title one, and our district is now laying off teachers at end of this year :(

Tony Camasso
Tony Camasso

Indeed, the state needs to take a big chunk of the taxes generated from the sale of weed and put it to good use. All the "non-users" have to endure the endless jokes about pot, the stream of newcomers whose principle reason for moving here is pot, (yes, I've had people actually tell me the only reason they moved here was because it was legal here), and so far all we here is how much money has been made selling it. Give us some relief from taxes and use some of all that money the state is sitting on.

Mikey Rider
Mikey Rider

With our crappy road system and schools closing it makes me wonder where all the money is going

Ron Ryan
Ron Ryan

Look mn. All that tax money!

Joyce Reynolds
Joyce Reynolds

And what are they spending the tax revenue on???

Victoria Hoffschneider
Victoria Hoffschneider

It's going to the expansion of I-70 make room for out-of-towners to drive on our highways pff

Derek Ulick
Derek Ulick

Shits crazy man I remember doing a speech back in high school about legalization and I estimated it would be $1B a year... I wasn't too far off! \U0001f601

Debby James
Debby James

Wow...Colorado could pay off America's ridiculous debt the rate this is going!!!

Steve Trier
Steve Trier

What a proud moment. Half the state is stoned.

Kyra Kauffman
Kyra Kauffman

Yay! Let's fog up our clear Colorado air and bug everyone around us!

Tom Lewis
Tom Lewis

You mean, like cigarettes...and those awesome 1997 Dodge Neons and old Hondas...come on, man

Todd Treat
Todd Treat

That's funny because I have the same pot holes every day busting up my car

Leo Fuentes
Leo Fuentes

David Nunez de VillavicencioEddie Nunez.Think yayami can do that in a month...lmao!

Ali Daly
Ali Daly

and what are we doing with it?

Carlos Nevares III
Carlos Nevares III

With all that money you'd think that in state University tuition would be free. Or that schools state wide would have substantial budget increases, but that would make too much sense. So who's really getting all that money???\U0001f914\U0001f914\U0001f914

Trent Carpenter
Trent Carpenter

Nope, construction, government subsidies, and hockey loopers pockets, that's where it all went

William Griggs
William Griggs

Hows this amount compared to liquor sales last year? $1.3 Billion doesn't sound like a lot to me.