Cashing In: Almost 70 Tons Of Pot Was Sold In Colorado Last Year

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A new report seems to show that Colorado’s blueprint for marijuana legalization is working for the state. Recreational marijuana users in Colorado bought more than 17 tons of cannabis buds during the first year of the state’s new retail market, but sales of medicinal pot still outsold recreational at almost 50 tons.

In its first annual report, the Colorado Department of Revenue’s Marijuana Enforcement Division said 109,578 pounds, or 49.7 tons of medical marijuana flowers were sold in 2014, while 38,660 pounds, or 17.5 tons, were sold on the retail market.

As for the edible market, recreational sales of pot-infused edible products outsold medical edibles by almost 1 million units.

According to the article in the Huffington Post, state tax officials say sales hit almost $700 million last year, with medical marijuana accounting for $386 million and recreational pot bringing in $313 million. Cannabis cultivation also went up, with medical businesses cultivating around 300,000 marijuana plants on average each month during 2014. The most staggering number may have come from the number of retail plants, which went from fewer than 25,000 in January of last year to almost 217,000 during December 2014.

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