Colorado marijuana sales hit $700m in first legal year

  • Medical marijuana accounted for $386million of sales and recreational pot brought in $313million in 2014, according to annual report
  • 49.7 tons of medical marijuana flowers were sold, while 4.81million units of edible marijuana were purchased last year
  • Voters in Colorado and Washington opted to legalize recreational marijuana use by adults in landmark twin ballots in 2012 
  • First retail stores opened in Colorado on January 1, 2014

A year after retail marijuana stores opened in Colorado, sales hit nearly $700million as 17 tons of the recreational buds were bought by consumers in the state's first year of full legalization.

However sales for medicinal pot still outstripped the recreational sales by almost 50 tons, according to officials.

In its first annual report, it was revealed that 49.7 tons (109,578 pounds) of medical marijuana flowers were sold in 2014, while 17.5 tons (38,660 pounds) were sold in the retail market, said the Colorado...

Rate this article: 
Region: 

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


URL: 
http://www.dailymail.co.uk/news/article-2975148/Colorado-sales-hit-700m-legal-year.html