DENVER --- Legal cannabis is booming, and with Colorado netting $1 billion in legal, regulated sales in the first 10 months of 2016, the industry’s growth isn’t showing any signs of slowing. Sales of both recreational and medical cannabis hit $1.1 billion by October, according to analysis of sales data from the Colorado Department of Revenue. A
2016 Goes To Pot: Colorado Cannabis Sales Top $1 Billion & Oregon Sales Defy Expectations
The tax revenue from sales of legal cannabis in Colorado is expected to exceed the sales tax collected on cannabis in 2014 and 2015 combined.