The Colorado cannabis market hit a high-water mark – $10 billion in sales – since the state started selling licensed recreational marijuana in 2014.
According to recently released Colorado Department of Revenue sales figures, the state’s recreational and medical marijuana retailers brought in $187.6 million in January 2021, bringing the market total to $10.2 billion.
The reporting of sales numbers is typically delayed by about two months.
That January sales number is a notch better than December 2020, which came in at $186 million.
This comes after the state posted a record 2020 in which sales totaled $2.19 billion, a 25.35% increase over 2019.
Those numbers come at a time the legal U.S. marijuana industry is questioning whether sales are increasing in state-legal programs in spite of the ongoing coronavirus pandemic or because of it?