Colorado marijuana sales blow past $200 million in July

Colorado cannabis sales set a file however as soon as extra in July, eclipsing $200 million in a single month for the first time.

Dispensaries purchased $183,106,003 in leisure marijuana and $43,268,565 in medical marijuana in July, for a combined $226,374,568 in revenue, primarily based on info from the Colorado Department of Revenue. That’s up 13.8% from June, one different record-setting month when the enterprise raked in virtually $199 million.

So far in 2020, prospects have purchased higher than $1.2 billion costs of cannabis merchandise and the state has collected $203 million in taxes.

Colorado’s cannabis enterprise is poised to shatter 2019’s file of $1.75 billion in annual sales, notably since August is commonly the state’s highest-grossing month. Those figures are due out in early October.

Marijuana sales have soared to new heights since spring whatever the coronavirus pandemic. Dispensaries had been allowed to remain open all through Colorado’s statewide stay-at-home order, which compelled them to adapt to new looking for habits similar to on-line ordering. In August, a contactless weed merchandising machine debuted in Pueblo.

An early freeze and snow in September might need jeopardized 1000’s and 1000’s of value of marijuana grown open-air and slated for harvest in October. That might also impact flower and extract prices this fall.

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