Chart: Colorado marijuana sales hit $700 million for 2014 – The Cannabist
Published: Feb 12, 2015, 3:19 pm By Ricardo Baca, The Cannabist Staff If we’re rounding up, Colorado sold a cool $700 million of marijuana in 2014, a.k.a. the first full year of recreational pot sales in the modern world.
For those who like exact numbers, the state’s total sales tallies for medical and recreational cannabis added up to $699,198,805, according to Cannabist calculations based on new data from the Colorado Department of Revenue.
Broken down, that’s $385.9 million for medical marijuana and $313.2 million for recreational cannabis.
“That’s an insane number, isn’t it?” said Caitlin Murphy, director of marketing at the Emerald Fields dispensary group, which will open its second recreational pot shop in Manitou Springs in mid-March. “We have very high hopes for the industry and where it’s going, and we know that the growth is going to be even bigger this year.”
Other industry leaders reveled in 2014′s final sales tally on Thursday when contacted by The Cannabist.
“I think it’s an amazing number,” said Meg Collins, executive director of the Cannabis Business Alliance, “and it’s an amazing number when you put it into the context of what a success the industry and the state has had in regulating the safe sales of these products.”
Colorado state Sen. Pat Steadman, D-Denver, said he’s “feeling very encouraged by what we’re seeing so far. Everyone keeps calling this ‘Colorado’s experiment with marijuana legalization,’ but so far everything seems to be working better than planned. … Right now we’re still rolling things out, but it just seems to be rolling out smoother than anyone expected.”
For legalization advocate Mason Tvert, that towering sales figure is a signal of a diminishing black market and the successful implementation of recreational regulations.
“There have been hundreds of millions of dollars in marijuana sales taking place in Colorado for a long time, and finally they’re taking place in regulated businesses,” said Tvert, communications director for the Marijuana Policy Project. “Marijuana is a less harmful product than alcohol that countless adults choose to use, and they should be able to … – Click Here To Visit Article Source