Colorado Marijuana Dispensaries Rake in $1.3 Billion
In 2016, Colorado marijuana dispensaries bagged $1.3 billion in recreational and medical cannabis sales, based on Colorado Department of Revenue tax data released Thursday.
To put the state’s third year of regulated recreational marijuana sales in perspective, Year One totaled $699.2 million (combined with medical sales) and Year Two jumped up to $996.2 million. 2016 was the year in which the $100-million-month became a baseline and heralded a record-breaking summer: The combined sales for July, August and September were $376.6 million. Monthly sales topped $100 million in eight of the 12 months. In December, which is typically a strong month for cannabis transactions, pot shops’ sales were a little more than $114.7 million, a 13 percent increase from the $101.3 million recorded in December 2015. Colorado brought in about $199 million in tax and fees revenue for the calendar year. Marijuana tax revenue is put toward areas such as school construction projects, public health and law enforcement.
Alaska marijuana regulators raided several retail pot shops that appeared to be selling oil made from marijuana plants in violation of state law.
Oregon is rolling out another first in the recreational marijuana industry: Customers may now order pot from licensed retailers and have it delivered to their homes.
Hawaii has given the green light to a third dispensary to begin acquiring and growing marijuana.
An Arkansas state Senate committee has advanced legislation that would leave the decision on whether to allow licensed medical marijuana dispensaries to grow their own pot up to a state commission.
The Alabama Court of Civil Appeals is overturning a decision by a judge who let the state seize the car of a man whose adult son was accused of transporting marijuana.