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CO Retail Pot Sales Surpassed Medical for the First Time in July

  • by Sabrina Fendrick September 10, 2014

    sheet-of-money-hempRetail marijuana purchasers in July outspent medical cannabis buyers for the first time since the launch of Colorado’s adult-use market 9 months ago.

    The state’s Department of Revenue recently reported that customers bought $29.7 million worth of legal marijuana last month ($5 million more than June), surpassing medical marijuana purchases which totaled $28.9 million in sales. Interestingly, this is despite the fact that medical dispensaries outnumber retail stores by a margin of 4 to 1.

    According to Colorado Public Radio (CPR), there has been a 112% increase since sales first started, with more than 100 stores across the state having sold close to $145 million in pot. CPR further notes that, “Taken together, the medical and recreational marijuana industry have sold about $350 million worth of pot since January, contributing $37.5 million in taxes and fees to government coffers,” a portion of which is guaranteed to go to school construction.

    With the exception of May, each month has set a new record in marijuana sales, so far showing that a legal marijuana regime not only works, but is proving to be valuable and growing source of revenue for the state – and its residents agree. A new NBC/Marist Poll found that Colorado’s retail cannabis market remains popular among Colorado residents, 55% of whom continue to support the passage and implementation of Amendment 64, the initiative that was passed in 2012 to tax and regulate sales to adults, aged 21 and over.

     

    26 Responses to “CO Retail Pot Sales Surpassed Medical for the First Time in July”

    1. Galileo Galilei says:

      A majority of Colorado residents, 55%, is for Colorado’s new marijuana law which allows the legalization of small amounts of the drug purchased from regulated businesses. Among these Coloradans, 27% actively support the law, and 28% favor the legislation but do not actively do so. In contrast, 41% oppose the law. This includes 8% who are actively trying to overturn the legislation.

    2. Galileo Galilei says:

      55% for
      41% opposed

      27% actively support
      8% actively oppose

      NORML fans have the majority.

      The father who just killed 5 kids and dumped them in Alabama was reputedly on ‘synthetic marijuana’, aka ‘spice’. Not too long ago the prohibitionists could have successfully spun this into a reason for keeping all marijuana legal. This is not likely today, but sooner or later we’re going to hear it. This problem is directly caused by prohibition ceding control to a criminal enterprises. Maybe NORML should come out strongly against ‘spice’ and the prohibitionist policies that create it.

    3. MILLONS! MILLONS! MILLIONS!! The reverse on the war on drugs!! Prohibition dosent work, hasn’t worked and never will work! Let us decide what we want to put in our bodys! Thank you Federal,state and local goverments! Ypuve done enough! Please step aside

    4. Julian says:

      Cant help but grin from ear to ear reading this news. New schools means more teachers with less students per teacher= more students achieving a higher education to compete in an increasingly globalized economy.
      NORML= 1
      ONDCP= 0

      Hey, by the way; how did that “dont be a lab rat” campaign work out? That was about heroin-enticing pills and alcohol right? (Wait… Excuse me… Im receiving an update… WTF?!!!! That campaign was for youth using MARIJUANA??!!!) Colorado, you can show the Federal Government how to regulate marijuana without complying with those ridiculous ads.
      TELL children the TRUTH: marijuana wont kill you kids, but our brains need time to develop so dont get high from marijuana during school hours and stay the HELL away from painkillers and anti-depressants unless you want to end up getting hooked on heroin and destroying your life. There. Problem solved.

    5. lockedoutofmyshed says:

      …I apologize for being a bit off topic but I must ….vent.
      I believe that what will turn over non users from not allowing cannabis in America is getting rid of the ‘stigma’ associated with cannabis use. this is where I really thought John Morgan would help the cause. I was hoping his speech would show many that cannabis and successful,family loving,tax and bill paying men and women exist all across this country and,, that it is not bad at all. but john looked kinda drunk,and he was being fairly limber with the language . I was hoping he would have put forth more of a professional aire about medical cannabis. cannabis is not just a party tool! it has been a great benefit in my life and ,I suppose I am a little sensitive about this subject because hair testing from my employer of 37 yrs prevents me from enjoying my personal life for the last 5 yrs and , it bothers me greatly. I was surely hoping he would have come across in a more ‘reasonable and down to earth’ manner. what do you all think? of course all of us that consume will vote for it but what of those that are against it for the ‘party stigma’. someone please reply. you all have a great day and thank you all for helping the cause!

    6. fireweed says:

      those 8% are the ignorant remnants of a dying breed. the truth will bear itself out. Pot’s not for everyone, but it should be everyone’s right to decide for themselves Maybe those 8% should just not smoke any and move to one of the Stalinist regime holdouts that still have life sentences for marijuana possession.

    7. Robert E, Glover says:

      How can a person invest in the marijuana business in Colorado?

      [Editor’s note: One can look into resources like Marijuana Investor News, National Cannabis Industries Association and Marijuana Industry Group (in CO)]

    8. Mr. Pot says:

      I wonder if alcohol sales have declined any..

    9. Closet Smoker says:

      How about a survey of peoples thoughts on alcohol and whether they support its legality and compare that to cannabis.

    10. Ozymander says:

      I have never witnessed anyone go crazy on synthetic marijuana. I having used it for it’s obvious intended purpose, I will say two things. One: It’s definitely addictive. Two: It’s way stronger, and works much faster (and leaves much faster) than Marijuana and that’s an understatement. One more thing, legalize Cannabis to get rid of stuff like this(spice).

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