Colorado made nearly $50 million on marijuana sales in just 2 months in April and May, bringing the state's total revenue from pot sales past $1 billion in the 5 years it's been legal.
Colorado revenue from marijuana sales experienced its two highest-grossing months in April and May, with roughly $24 million in total state revenue from cannabis each month.
It took the state roughly three and a half years to reach the $500 million mark in total state revenue from marijuana sales, and just under two years to double the revenue source. Cannabis sales contribute to the state's general reserve fund, as well as education and health care, including mental health services, and youth drug-prevention programs.
Hemp farmer Buck Chavez, left, and master gardner Cory Columbo working for Paradox Ventures, process of new crop of Hemp in Nucla, Colorado.Colorado has now generated more than $1 billion in total state revenue from the legal marijuana industry, another milestone for the state that legalized cannabis in 2014.already has posted some big numbers: More than $6 billion in total sales of cannabis since the birth of the new industry — over $6.
April and May were the two highest-grossing months in the five-year history of the new industry, with Colorado revenue reaching its highest monthly take ever in April , at roughly $24.2 million. The state's legal marijuana sales revenue doubling from the $500 million mark to $1 billion took under two years, while getting to $500 million took close to three and a half years. Since July 2017, Colorado total monthly tax and fee revenue from marijuana sales has never dipped below $20 million.
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