Colorado Sold Cannabis Worth $1 Billion in First 10 Months of 2016

‘Two years after legalizing the use of marijuana in the state, Colorado’s cannabis shops hit a new milestone. In the first 10 months of 2016, weed stores in the state have reached $1 billion in legal, regulated sales of the drug.
According to the October data from the Colorado’s Department of Revenue, the state, which was the first in the country to have legalized cannabis use, has sold nearly $1.1 billion worth of marijuana and marijuana-related products.
Leading industry attorney Vincente Sederberg told the Cannabist Monday: “We think we’ll see $1.3 billion in sales revenue this year and so the economic impact of this industry — if we’re using the same multiplier from the Marijuana Policy Group’s recent report, which is totally reasonable — it suddenly eclipses a $3 billion economic impact for 2016.”’
Read more: Colorado Sold Cannabis Worth $1 Billion in First 10 Months of 2016