The 5-year experiment that is Colorado’s pioneering legalization of recreational marijuana now has enough data for more than conjecture to debate its success.
The state’s first dispensaries began legal recreational sales on January 1, 2014. In 2014, combined recreational and medical sales totaled $683.5 million, and are expected to top $1.5 billion in 2018. Over the 5-year period, recreational sales generated 78% of sales revenue. The most recently published sales data shows combined 2018 sales though October of $1.27 billion.
$247 million in tax revenue