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WEED NEWS

Make That $1.2 Billion and Rising: Colorado Marijuana Sales Keep Climbing

Posted on January 16, 2017 at 11:05 AM

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Marijuana’s rise to its status as the newest powerhouse in American retail sales has been truly meteoric in every way except one—through an extended period of double-digit growth, we’re still waiting for a sign of the (so we thought) inevitable flame-out.

 

Things will slow eventually—they have to, experts and economists say—but not right now. Through the first 11 months of 2016, Colorado’s marijuana shops tallied $1.2 billion in sales, an increase of 33 percent from 2015, according to the most-recent figures crunched by the Cannabist.

 

Recreational and medical consumers in the state rang up $106 million in sales in November, a 32 percent increase from November sales the year before.

 

And this in after a quiet month: despite whatever boost marijuana shops received around Thanksgiving, by repute now one of the busiest times for dispensaries, total sales in November were.......... http://hightimes.com/news/make-that-1-2-billion-and-rising-colorado-marijuana-sales-keep-climbing/


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