Milestone for Colorado marijuana: $100M in monthly recreational sales

The trend of summer highs for Colorado’s cannabis industry continued in July as monthly recreational sales surpassed the $100 million mark for the first time since legalization.

The Cannabist’s calculations of the latest Colorado marijuana tax data show that the state’s cannabis shops sold nearly $137 million in marijuana products — $101.1 million in adult-use sales and another $35.8 million in medical marijuana sales — during the month of July.

Barring any significant variances in monthly receipts submitted to the state, the $136.9 million would set a new monthly record — the previous being $131.69 million in March.

Read More at TheCannabist.co