June was Colorado’s biggest marijuana sales month ever. July was likely bigger.

June was Colorado’s biggest marijuana sales month ever. July was likely bigger.

June marks the first month in Colorado history that recreational marijuana shops sold more than $150 million worth of products as cannabis consumption during the COVID-19 pandemic continues to set industry records. Recreational marijuana consumers spent $158,102,628 at Colorado shops in June, according to data from the Department of Revenue’s Marijuana Enforcement Division. It’s a 6% increase of the previous single-month recreational sales record of $149,186,615 that was set in May, state data shows. Last June, rec shops sold roughly $122.4 million in products. Before this year, monthly recreational sales had only eclipsed $140 million one time, in August 2019, state data shows. That month, dispensaries combined to sell $173,219,859 worth of products. Medical marijuana sales took a step back in June. After setting a new record with $42,989,322 in sales in May, medical dispensaries sold $40,770,582 worth of products in the month, according to the MED’s monthly sales report. Still, the industry comfortably set a new record for total business volume. Combined, recreational and medical dispensaries sold $198,873,210 worth of products in June, up 3.5% over May’s previous record sales total of $192,175,937, state data shows. This year is on pace to crush 2019’s record of $1.75 billion in cannabis industry sales, with $978.35 million in sales through June. By the end of June last year, the state had tracked $817.71 million in sales. Denver’s single-afternoon brush with coronavirus-related dispensary shutdowns in March notwithstanding, the pandemic appears to have been a boon the state’s cannabis industry. But research from…

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Source : Denver Post
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