According to Colorado state Department of Revenue data, cannabis sales in March reached $105,945,278 — up from $85,869,215 in February and $88,729,914 in January. In the first three months of 2018, cannabis sales in the state have totaled $365,686,695.
Denver County led the state in sales: the county totaled $34,757,371 in March. Arapahoe County, whose largest city is Aurora, ranked second with $9,956,392 in sales; followed by Boulder County ($7,245,363); Adams County ($6,602,994); and Larimer County ($5,839,729).
Medical cannabis sales reached $29,238,678 in March, up from $26,640,302 in February, but down slightly from the $29,263,308 in January.
Monthly sales in the state have surpassed the monthly figures from 2017, which were $92,912,147 in March; $75,665,966 in February; and $76,018,423 in January.
However, medical sales in 2017 were significantly higher than this year: $37,451,683 in March; $31,074,413 in February; and $31,712,608 in January.
Since the program’s launch in January 2014, cannabis sales in Colorado have totaled $4,859,707,381. The state applies its 2.9 percent sales tax to both medical and recreational cannabis sales along with a 15 percent tax on retail sales. Municipalities are also allowed to set their own tax rates which range from 0.01 percent to 7.25 percent.
Get daily cannabis business news updates. Subscribe
End
