MAR­I­JUANA SALES TOP $750 MIL­LION THROUGH JUNE

The Denver Post - - BUSINESS - — Ali­cia Wal­lace, The Den­ver Post

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Half­way through 2017, Colorado’s mar­i­juana re­tail­ers amassed more than $750 mil­lion in sales, ac­cord­ing to ex­trap­o­la­tions of the lat­est tax data re­leased by the state.

Cov­er­ing both the med­i­cal and adult-use mar­kets, the sales of flower, ed­i­bles and con­cen­trates through June 2017 are up 25.7 per­cent com­pared with the first half of 2016.

The cu­mu­la­tive sales made through June equate to nearly $116 mil­lion in tax rev­enue and li­cense fees for the state.

The Colorado Depart­ment of Rev­enue on Thurs­day pub­lished the re­port for mar­i­juana sales and ex­cise taxes re­mit­ted in July. The re­ceipts largely re­flect sales made in June, but could in­clude some vari­ance based on in­com­plete or late re­turns from prior months.

Bar­ring any ma­jor vari­ance in re­turns, June ap­pears to have been a near-record month for Colorado’s mar­i­juana shops, with $131.65 mil­lion in to­tal sales. That would trail the high of $131.69 mil­lion set ear­lier this year in March, but ex­tends the streak of $100 mil­lion monthly sales to 13 months.

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