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Marijuana Business News

Colorado Recreational Marijuana Sales At A Record High In July

colorado price legal marijuanaThe Colorado recreational marijuana industry is growing, and there appears to be no end in sight. It seems like almost every month there is a new record for total recreational marijuana sales, and July 2015 was no exception. The most recent numbers are in for July 2015 in Colorado, and they are staggering. Per The Cannabist:

Colorado pot sales — recreational and medical — were thriving in July 2015, the most recent month for which the Department of Revenue has released marijuana tax data.

After topping $50 million for the first time in June, recreational sales cleared the $55 million hurdle in July when sales totaled more than $56.4 million — a record for retail cannabis in Colorado. Medical marijuana sales numbers in July were also at their highest in the recreational era’s 19 months of recorded data, reaching more than $39.8 million.

In total, more than $96 million of marijuana was sold in Colorado shops in July — up from $85 million in June. For context, 2014’s most robust month of recreational and medical cannabis sales was August, when those sales totaled $67 million.

Something that I find interesting is that the medical marijuana numbers were the highest they have ever been since recreational marijuana sales started in Colorado. Colorado was able to find a way to have medical and recreational industries co-exist, and for both sectors to be successful. I hope Oregon follows suit when it starts allowing recreational marijuana sales. Recreational should not come at the expense of medical, and that’s something that the State of Colorado seems to have figured out.

  • Kathleen Chippi

    Colorado has spent the last 3 years trying to ‘rid itself’ of MMJ. The “MMJ centers” were created under statute (not in A20) and were supposed to be “sunset” (disappear) this past July, 2015. The state ‘knew’ the timing wasn’t right to end MMJ so they voted to extend the MMJ businesses/stores existence until 2019. So all MMJ stores are currently scheduled to ‘disappear’ in 2019.

    And the Constitutionally protected patients and Caregivers have been and are being violated over the last 5 years especially. Making testing illegal for patients and caregivers and ‘optional’ for MMJ businesses is a small example of how badly. Now local communities are (unconstitutionally) limiting plants (MMJ or A64) to 6 or 12 per property when we have patients and caregivers who need many more and are constitutionally protected for “whatever is medically necessary”–under our self-regulating constitutional amendment.

    Why dump MMJ businesses? It’s all about the ‘loss’ of the money by the state via extortion taxes on A64 and (boohoo) only regular retail sales tax on MMJ. Simple as that. The increased MMJ #’s mean more people are simply getting their MMJ card and going to stores instead of caregivers. Registry cards are optional in the constitution but required if you want to shop in a “MMJ center”. don’t be deceived that MMJ is not under attack in Colorado…as it totally is and it’s all public record and like every other state the patients and caregivers who tell it like it is are ignored, because it’s not about money for us.

  • Kathleen Chippi

    In 2010 there were over 60,000 (voluntarily) registered caregivers in CO. Now there is a little over 4,000….as the states plan to get rid of MMJ marches on.

  • MrPC

    It seems to me the boundary between “medical” and “recreational” is purely artificial. You could make the argument that all use is “medical” to some degree, since it relieves pain, both physical and otherwise. And you could say that all use is “recreational,” since it makes users feel good, or, at least, better. If I were in charge of the whole mess in Colorado (extremely unlikely), I would make all stores, all inventory and all testing one big structure. If a physician decided you would benefit, you would get a card and pay only the state sales tax in the store. Without the card, you would pay the additional taxes like those in place now, but reduced because administering this simplified program would cost state and local governments much less. Prices would go down too, since growers and store owners wouldn’t have to maintain two separate businesses. Anyway, that’s my grand scheme.

  • Tom

    Colorado should allow all non-smoking mj consumption in public. It should alow mj vaporizers anywhere tobacco smoking is allowed. I know some “free the weed” purists don’t like the idea, but I am an mj user and would actually prefer NOT to encounter mj SMOKE in public places.