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US (CO): State's cannabis sales reached $200 million month in September

Cannabis enthusiasts purchased more than $206.4 million worth of Colorado-made cannabis products in September, as sales from a record-breaking year moderately cooled off.

Recreational dispensaries sold $166,547,119 during the month, while medical dispensaries sold $39,941,149 for a combined $206,488,268 in revenue, according to data from the Colorado Department of Revenue.

Sales decreased 5.5% compared to August, but are up 33% compared to September 2019 as cannabis experiences a banner year for sales despite the coronavirus pandemic. Colorado raked in $38.6 million in taxes and fees from cannabis sales in September.

Sales hit an all-time monthly high in July at $226 million. So far in 2020, consumers have spent more than $1.63 billion on smokable cannabis flower, concentrates, edibles and other products — approaching the previous annual record of $1.75 billion set in 2019.

Read more at denverpost.com


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