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Monthly marijuana sales of $100 million the ‘new norm’ in Colorado

By: Alicia Wallace, The Cannabist
July 15, 2017 Updated: July 15, 2017 at 10:02 pm
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Marijuana joints on display for sale at Marisol Gardens in Pueblo on Jan. 1. Retail pot sales became legal in Pueblo, Colorado Wednesday. Photo by Mark Reis, The Gazette

Chalk up another milestone month for Colorado cannabis sales.

The $127.7 million worth of flower, edibles and concentrates purchased in May from the state’s marijuana shops didn’t set a record for monthly sales, though. That honor still goes to March of this year, when sales totaled $131.7 million, according to The Cannabist’s extrapolations of Colorado marijuana tax data.

May’s benchmark, rather, is one of consistency.

It marked the 12th consecutive month that Colorado marijuana sales topped $100 million.

“I think that $100 million a month (in sales) are the new norm,” said Bethany Gomez, director of research for Brightfield Group, a market research firm focused on the cannabis industry.

Read more at the cannabist.co.

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