Colorado’s legal marijuana business boomed last year, with total sales in the state nearing the $1 billion mark, according to current estimates.
Official figures for marijuana sales in December won’t be available until next month, but Ricardo Baca, a staff writer for The Denver Post’s The Cannabist, reported on Jan. 13 that total marijuana sales, including for both recreational and medicinal purposes, had reached $895 million by November.
With cannabis taxed in three ways by the state, including two different kinds of sales tax, Colorado had earned $121 million through that month. That figure represents an especially important windfall for education, Baca noted:
