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Colorado marijuana sales in April 2017 top $125 million


PUBLISHED: JUN 9, 2017, 5:01 PM • UPDATED: A DAY AGO

By Alicia Wallace, The Cannabist Staff

Colorado’s marijuana industry notched its 11th consecutive $100 million month in April.

But the month in which cannabis enthusiasts celebrate the “high holiday” of 4/20 fell short of setting a monthly high for the state.

The state’s pot shops raked in $125.2 million in medical and recreational marijuana sales of flower, edibles and concentrates during April, The Cannabist calculated by extrapolating Colorado marijuana taxes and fees data.

Recreational marijuana sales totaled nearly $88.4 million while medical marijuana sales approached $36.9 million, according to The Cannabist’s calculations.

Through April, the industry brought in close to $492 million, a nearly 27 percent increase from the $388 million in sales during the first four months of 2016, The Cannabist’s archived data shows.

The year-to-date 2017 sales have resulted in more than $76.3 million in taxes and fees revenue for the state, according to Colorado Department of Revenue data.

Colorado’s marijuana industry has been in growth mode since 2014, when the state became the first in America to legalize and regulated adult-use cannabis sales. The new industry has set and surpassed benchmarks along the way.

Last year, a new monthly high was set four times. That was topped yet again in March 2017, which boasted sales of $131.7 million.

Economists and analysts have told The Cannabist they expect Colorado’s marijuana industry to top out at some point — especially likely after recreational marijuana programs in other states come online. But observers such as Andrew Livingston, director of economists for cannabis law firm Vicente Sederberg, said he wouldn’t be surprised if Colorado’s marijuana industry wasn’t done setting monthly records.

“The year-over-year rates of growth have continued at a steady pace, which to me indicates that we have not yet reached the point at which we are starting to cap out the market,” he said following the release of the March 2017 numbers.

The monthly sales numbers do potentially have some room for error. The state, in its monthly tax revenue reports, cautions that monthly collections could include late filings and those submitted for corrections from previous months.

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During the 1930's the word marijuana was forced into our lexicon by anti-cannabis advocates within the government. This word was used for it's anti-immigration connotations of the time to frighten the general public with fear and mis-information. Yet today we have incorporated it into our culture without many knowing it's true evil origin. We must work to enlighten others to never use the word marijuana when refering to cannabis and it's by-products. We should also work to get lawmakers to ammend the word out of current legislation and replace it for what it is...CANNABIS. Join us in a campaign to persuade others of our goal.
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TANSTAAFL Solutions Mission:Welcome, to TANSTAAFL Solutions. It is our mission to stand against the celebrity corporate cultured mentality and bring back thee virtues of Responsibility, Hard Work and Understanding. T.A.N.S.T.A.A.F.L (There Ain’t No Such Thing As A Free Lunch) means we get what we pay for. Robert A. Heinlein, in his novel The Moon is a Harsh Mistress wrote,“That anything free costs twice as much in the long run or turns out worthless.” How many worthless things are around today? Ignorance, unjust laws, racism, the GOP. All these things work to degrade a Human soul. Many Earthlings have no clue but because of their numbers, they decide how we should live. TANSTAAFL Solutions will work to voice opposition to what is wrong today. It is time to take responsibility and work for direct action to change. We hope to encourage, entertain and inspire others to join us and amputate the rancid 20th century mentality which has corrupted our time. We believe in a global world culture of Planet Terra and everyone has the right to freedom, equality and to live responsibly in peace. We also understand that any of these goals cannot be achieved without dedication, an effective strategy and the will to work and stand for what is right.

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