Colorado Marijuana Posts Record $1.5 Billion Performance
At the start of 2017, even with dwindling marijuana prices that had dropped 33%, the state had already started to set monthly records for sales, which ultimately led to the bar-setting performance for the sector by the end of the annum.
A breakdown of the numbers shows us that adult recreational use rose to $1.09 billion over the year. The remaining $416.5 million came from the medical marijuana sector.
Last year, Colorado needed only eight months to break the $1 billion sales threshold — yet another record-breaking performance. It took the state 10 months over the prior year to reach the number.
The addition of PTSD to the list of treatable conditions served as a boost for the sales of MMJ back in June of last year.