Colorado’s Billion Dollar Marijuana Industry

According to the Colorado Department of Revenue, dispensaries generated $1.3 billion in legal marijuana sales four years after becoming legalized for both recreational and medical,

Of that number, $875 million came from recreational marijuana sales while $438 million came from medical marijuana sales. And of those sales, Colorado took in $199 million in taxes and fees.

Despite the huge growth, experts believe sales will level off due to factors like increased competition as more states begin to legalize the drug. According to the Denver Post, the Colorado Tourism Office found that fewer people were visiting the state solely to get stoned.’

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