Colorado marijuana sales exceeded $1B through August


    File--In this Wednesday, Oct. 11, 2017, file photograph, a worker waters marijuana plants at the Colorado Harvest Company in Denver. New mandatory marijuana pesticide testing in Colorado is putting a financial squeeze on local cultivators to the tune of thousands of dollars in increased costs. (AP Photo/David Zalubowski, File)

    A Colorado reports shows marijuana sales in the state have exceeded $1 billion as of August of this year, with tax revenue from those sales reaching $200 million.

    The Denver Post reports the state Department of Revenue report indicates medical and recreational marijuana sales are on track to break last year’s record of more than $1.5 billion.

    This year’s combined sales reached the billion-dollar mark at the earliest point in the four years recreational marijuana has been legal in the state.

    Total Sales through August 2017 reached more than $996 million.

    According to the Marijuana Enforcement Division’s 2018 Mid-Year Update, the industry’s hot spots are in Denver, Boulder, El Paso and Pueblo counties, growing 80 percent of all plants in the state as of June.

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