Colorado marijuana sales eclipse $200 million (again) in August

Colorado dispensaries sold $218.6 million worth of marijuana in August, falling just short of the all-time monthly record, $226 million, set in July.

Recreational sales totaled $176,566,595 for the month, while medical sales totaled $$42,034,746, according to data from the Colorado Department of Revenue. The state collected more than $40 million in taxes and fees from August sales.

Despite the COVID-19 pandemic, cannabis sales have grown exponentially this year, setting records in May, June and July. Though August, typically the industry’s biggest month, broke that streak, sales are up 26% compared to the same month in 2019. August also saw the debut of Colorado’s first contactless weed vending machine.

In the first eight months of 2020, consumers purchased more than $1.4 billion worth of cannabis products. Since recreational sales began in January 2014, the state’s dispensaries have sold more than $9.2 billion worth of cannabis.

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Source:: The Denver Post – Business

      

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