Colorado’s Marijuana Sales on Track to Hit $1 Billion

Marijuana Profits

It is estimated that marijuana sales in Colorado will likely surpass $1 billion before December 2016. This number is anticipated based from the sales pattern throughout 2016 so far.

In May of 2016, Colorado’s recreational and medical marijuana markets in Colorado produced $98 million in sales, according to The Cannabist. Thus far into the year, tax revenue has generated $71.4 million from marijuana sales.

The numbers recorded from the first half of 2016 total $486 million.