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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