Denver, CO: Licensed sales of marijuana totaled nearly one billion dollars in 2015, according to economic data provided by the Department of Revenue.
Licensed retail stores sold $996,184,788 worth of cannabis in the past year, resulting in $135 million in new tax revenue. As mandated by state law, $35 million in tax revenue was earmarked for public school construction projects.
Total sales in 2015 far exceeded those of 2014, during which time retailers sold just under $700 million in cannabis-related products.
Legal cannabis sales nationwide are anticipated to surpass $21 billion annually by 2020, according to a recently released report by ArcView Market Research.
For more information, please contact Allen St. Pierre, NORML Executive Director, at (202) 483-5500.