USA|Marijuana sales overtake alcohol in US city for first time

Drew Brown sorts marijuana at a legal dispensary in Fort Collins, Colorado Getty Images

Licensed vendors in Rocky Mountains ski resort Aspen made $11.3m (£8.2m) from selling cannabis in 2017

Sales of marijuana have overtaken alcohol in a city in Colorado, three years after the state became the first in the US to legalise recreational use of the drug.

Licensed vendors in the ski resort of Aspen raked in $11.3m (£8.2m) income from cannabis last year, compared to $10.5m (£7.6m) brought in by off-licences.

It is believed to be the first time legal marijuana sales have eclipsed those of alcohol anywhere in the US.

Aspen’s first cannabis shop opened in March 2014, three months after legislation for taxing and regulating sales came into force across Colorado. By the next year the resort, which has a population of less than 7,000, had seven licensed distributors.

Aspen’s cannabis sales grew 16 per cent last year compared to 2016, when shops brought in $9.7m (£7m) from the drug, said the city’s finance department. The marijuana industry is the fastest growing of Aspen’s 12 retail sectors, according to figures in an end-of-year sales tax report.

Matt Kind, a Colorado businessman who hosts a podcast about the cannabis industry, told the Aspen Times visitors to the resort were “looking for something different”.

“I think it’s meaningful for a couple of reasons,” he said. “One in particular is when people are visiting Aspen and adjusting to a high altitude, some don’t drink for that first couple of days. And I think people are looking for something different from alcohol, which is essentially poison, and marijuana is botanical. I don’t say that with judgment, but you feel some lingering effects with alcohol.”

Aspen currently has six licensed cannabis vendors and five off-licences.

Max Meredith, who runs one of the city’s marijuana shops, said the growth in sales “shows adults are open to change”.

He added: “There are new substitutes, and they can be handled responsibly. And perhaps there are a few less late-night fights.”

A study by Georgia State University last year found alcohol sales had tumbled 15 per cent in US states where medical marijuana had been legalised. Counties where cannabis could be legally obtained had 20 per cent lower alcohol sales than neighbouring counties across state borders where it was still outlawed.

Source: Marijuana sales overtake alcohol in US city for first time

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.