Colorado marijuana gross sales blow previous $200 million in July

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Colorado hashish gross sales set a report but once more in July, eclipsing $200 million in a single month for the primary time.
Dispensaries bought $183,106,003 in leisure marijuana and $43,268,565 in medical marijuana in July, for a mixed $226,374,568 in income, based on information from the Colorado Division of Income. That’s up 13.8% from June, one other record-setting month when the business raked in almost $199 million.
Up to now in 2020, shoppers have bought greater than $1.2 billion value of hashish merchandise and the state has collected $203 million in taxes.

Colorado’s hashish business is poised to shatter 2019’s report of $1.75 billion in annual gross sales, particularly since August is usually the state’s highest-grossing month. These figures are due out in early October.
Marijuana gross sales have soared to new heights since spring regardless of the coronavirus pandemic. Dispensaries had been allowed to stay open throughout Colorado’s statewide stay-at-home order, which compelled them to adapt to new shopping for habits corresponding to on-line ordering. In August, a contactless weed merchandising machine debuted in Pueblo.
An early freeze and snow in September could have jeopardized hundreds of thousands of {dollars} value of marijuana grown outside and slated for harvest in October. Which will additionally have an effect on flower and extract costs this fall.

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