Cannabis Sales Break Records Again in 2021 Reaching $2.2 Billion in Sales

DENVER–Cannabis sales broke another record last year, topping $2.22 billion in products sold, according to the Colorado Department of Revenue. This eclipses 2020 sales that reached upwards of $2.1 billion, which set a previous record.

Since the state began tracking cannabis sales in January 2014, cananbissold by both medical and retail cannabis stores has cashed in over $12.2 billion.

Retail cannabis made up the vast majority of last year’s sales, approximately 82% or $1.82 billion of the $2.22 billion. Business peaked in March 2021 when retailers brought in more than $207 million that month.

Cannabis is a massive driver of tax revenue for Colorado, raking in over $423 million last year alone and upwards of $2 billion since 2014 in sales and excise taxes and fees. It’s also a big employer. According to an annual Leafly report, over 35,500 Coloradans worked in the cannabis industry in 2021.