Mile High State Consumed $10 Billion Dollars Of Cannabis

0.8 min readPublished On: February 15th, 2021By

DENVER – Colorado cannabis businesses have cumulatively sold $10 billion of cannabis since 2014, according to new data released by the Colorado Department of Revenue (CDOR) on Tuesday. As of January, the state has collected $1.63 billion in tax and revenue fees since 2014, according to the data.

Data from the department shows Colorado ended 2020 with nearly $9.98 billion in total cannabis sales cumulatively.  Spurred, no doubt, by stocking up during the COVID-19 pandemic, 2020 was a record-breaking year for Colorado cannabis. The state sold $2.19 billion in cannabis products, a 25% increase from the previous year.

The new year looks to continue the trend. Cannabis sales in Colorado in January  – combined medical and recreational –continue to impress with recorded sales of almost $140M in that month alone.  Most of the sales are from Denver area which also has the most dispensaries.

For more information, visit cdor.colorado.gov.

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Newsteam at Highly Capitalized are some of the most experienced writers in cannabis and psychedelics business & finance. We cover capital markets, finance, branding, marketing and everything important in between. Most of all, we follow the money.

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