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Colorado Sets Marijuana Sales Record In February

Jacob Redmond

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Colorado sold a record amount of recreational marijuana in February, according to the state, with around $39 million in sales. That's nearly $3 million more than the previous month.

What's contributing to higher sales? New shops are still opening in Colorado's most populous cities, including Aurora. Consumers are also becoming more comfortable buying pot legally. The Cannabist reports:

Colorado's total medical marijuana sales in February 2015 added up to about $29.3 million, up more than $1 million from the previous month. The record for medical marijuana sales in Colorado's recreational era, which started Jan. 1, 2014, came in February 2014 when $36 million in medical pot was sold.

Another important indicator in Colorado's complex pot taxes is the amount dedicated for public schools, and that monthly total was more than $2 million for the second consecutive month in February. In January, the excise tax on wholesale marijuana transfers raised more than $2.3 million for schools, and in February it totaled $2.1 million.

Colorado had more than $800 million in legal marijuana sales from Feb. 2014 to Feb. 2015. One state lawmaker says he envisions cannabis clubs becoming more and more like traditional bars.

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Full Article: Colorado sets marijuana sales record in February | Denver Sun Times
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