United StatesColorado

Colorado sees record $192M in cannabis sales in May

In this Wednesday, April 8, 2020, photograph, Ben Prater checks over his stock at his marijuana dispensary as a statewide stay-at-home order remains in effect in an effort to reduce the spread of the new coronavirus in Denver. 

(The Center Square) – Colorado had record high cannabis sales in the month of May, according to data from the Colorado Department of Revenue Marijuana Enforcement Division.

Total sales for May reached $192 million, up from $148.5 million in April and $161 million in March. January had $139 million in sales and February had $138.6 million in sales.

That record amount is a 29 percent increase from April and a per annum increase of 32 percent from May 2019.

For both medical and recreational marijuana dispensaries, the two verticals saw all-time highs in May’s sales at $42,989,322 and $149,186,615, respectively.

Both verticals have sold, so far this year, more than $779 million in product and have filed $167 million in taxes and fees to state agencies, according to the department’s data. The state saw $1.75 billion in total marijuana sales last year.

Gov. Jared Polis’ administration labeled recreational and medical marijuana as an essential services to keep open during the COVID-19 pandemic.

Polis signed an executive order in March that allowed for medical professionals to issue medical marijuana cards remotely, and additionally allowed for online retail sales of marijuana products.

Show More

Related Articles

Back to top button
Translate »