Marijuana Banking

Oswaldo Barrientos picks dead leaves from marijuana plants at the grow facility where he works near downtown Denver in a 2019 photo. 

Colorado’s marijuana sales reached $227 million in July, a record for the state, according to a report from the Colorado Department of Revenue, including both medical and retail marijuana sales. Retail accounted for $183 million of the total.

This is the third month in a row that Colorado has broken its sales record. The state recorded $199 million of marijuana sales in June and $192 million in May.

As of the end of July, marijuana sales in Colorado have reached over $1.2 billion for 2020 alone. Colorado’s all-time marijuana sales, beginning in January 2014, have now reached $9 billion .

Colorado’s 2020 marijuana sales have already nearly doubled 2014’s yearly sales of $6.8 million and 2013’s $99.5 million. Marijuana sales by calendar year have increased annually since recording began in 2014.

Last year’s total sales are expected to be exceeded yet again as July’s sales put Colorado less than $550 million away from 2019’s yearly total, without yet accounting for August, the state’s highest-grossing month on average.

Sales numbers from August are expected to be released in early October.

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