June marks the primary month in Colorado historical past that leisure marijuana outlets offered greater than $150 million price of merchandise as hashish consumption through the COVID-19 pandemic continues to set business data.
Leisure marijuana shoppers spent $158,102,628 at Colorado outlets in June, in keeping with knowledge from the Division of Income’s Marijuana Enforcement Division. It’s a 6% enhance of the earlier single-month leisure gross sales file of $149,186,615 that was set in Might, state knowledge reveals.
Final June, rec outlets offered roughly $122.four million in merchandise. Earlier than this 12 months, month-to-month leisure gross sales had solely eclipsed $140 million one time, in August 2019, state knowledge reveals. That month, dispensaries mixed to promote $173,219,859 price of merchandise.
Medical marijuana gross sales took a step again in June. After setting a brand new file with $42,989,322 in gross sales in Might, medical dispensaries offered $40,770,582 price of merchandise within the month, in keeping with the MED’s month-to-month gross sales report.
Nonetheless, the business comfortably set a brand new file for whole enterprise quantity.
Mixed, leisure and medical dispensaries offered $198,873,210 price of merchandise in June, up 3.5% over Might’s earlier file gross sales whole of $192,175,937, state knowledge reveals.
This 12 months is on tempo to crush 2019’s file of $1.75 billion in hashish business gross sales, with $978.35 million in gross sales by June. By the tip of June final 12 months, the state had tracked $817.71 in gross sales.
Denver’s single-afternoon brush with coronavirus-related dispensary shutdowns in March however, the pandemic seems to have been a boon the state’s hashish business. However analysis from Boulder-based business evaluation agency BDSA signifies the groundwork for this 12 months’s file gross sales has been laid by years of maturation within the state’s authorized hashish ecosystem.
Per capita gross sales in Colorado hit $290 final 12 months, in keeping with the corporate, almost double the $150 per capita spend it tracked in 2014, the primary 12 months of authorized leisure gross sales within the state. In the meantime, the variety of Colorado adults who mentioned they’d consumed hashish within the final six months hit 42% within the third quarter of 2019, up from 24% within the third quarter of 2017.
“In current adult-use states, there are three most important drivers of continued development,” BDSA’s report says. “Additional proliferation of recent hashish merchandise that enchantment to the wants and wishes of recent shoppers; improved product availability; and rising acceptance of hashish use.”
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The Colorado Division of Income collected $33.62 million in taxes and costs on hashish gross sales and companies in June, in keeping with state knowledge. Tax reporting runs forward of gross sales experiences and the $36.13 million in taxes and costs the state reported amassing in July signifies that month has already seen unprecedented gross sales.
State income collected from marijuana companies to this point in 2020 exceeds $203.Three million, in keeping with the newest state report. The state introduced in roughly $302.5 million in cannabis-related income in 2019.