Did Colorado pot shops sell $1 billion of weed in 2015?

When we first tallied Colorado pot sales for 2014, the first full year of legal cannabis sales in the world mind you, $699,198,805 seemed like such a large number at the time.

And then our minds started racing: What if weed sales in Colorado reached $1 billion in 2015? What would that say about the potential of the legal cannabis industry if a medium-sized state like Colorado, population 5.4 million, could sell more than a billion dollars of pot in its second year of recreational sales? (For perspective, Washington state has 7 million residents while California is pushing 39 million.)

As we reported earlier today, the Colorado Department of Revenue just released November 2015 tax numbers for the state’s marijuana shops, and our calculations show that Colorado stores sold $894,865,100 of legal pot in the first 11 months of 2015. Even though we’re still...

Rate this article: 

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.