Cannabis News Box

Social sales in Colorado reach record breaking $100 million in July

Back to Article
Back to Article

Social sales in Colorado reach record breaking $100 million in July

Logan Lowrey-Rasmussen

Hang on for a minute...we're trying to find some more stories you might like.


Email This Story






Colorado broke another record in the social cannabis industry as monthly sales surpassed $100 million in July for the first time since legalization.

The state broke records for hitting $100 million per month in combined social and medical cannabis sales in March, but this was the first time social cannabis sales alone increased from $88.4 million per month to $100 million per month.

Tax data showed Colorado cannabis dispensaries sold $137 million in cannabis products monthly, which came from $101.1 million in social sales and $35.8 million in medical cannabis sales during the month of July. The combined monthly gross set a new monthly record at $136.9 million with the previous being $131.69 million in March.

The July report reflected a new taxing structure for social cannabis when the cannabis special sales tax rate increased to 15 percent from 10 percent. The state exempted social cannabis products from the 2.9 percent state sales tax rate.

 

Leave a Comment

If you want a picture to show with your comment, go get a gravatar.




Navigate Left
  • Social sales in Colorado reach record breaking $100 million in July

    News

    Hemp is removed from Texas’ controlled substance list

  • Social sales in Colorado reach record breaking $100 million in July

    News

    Congress is making progress on federal cannabis legalization

  • Social sales in Colorado reach record breaking $100 million in July

    News

    New poll finds highest support ever for weed legalization

  • Social sales in Colorado reach record breaking $100 million in July

    News

    Texas might decriminalize cannabis

  • Social sales in Colorado reach record breaking $100 million in July

    News

    Walgreens to stock CBD patches and sprays following CVS announcement

  • Social sales in Colorado reach record breaking $100 million in July

    News

    Cannabis financier Gotham Green Partners to invest $250 million in MedMen

  • Social sales in Colorado reach record breaking $100 million in July

    Medical cannabis

    Illinois Senate panel passes bill to protect banks serving cannabis businesses

  • Social sales in Colorado reach record breaking $100 million in July

    News

    Alaska becomes first state to legalize ‘cannabis cafes’

  • Social sales in Colorado reach record breaking $100 million in July

    Medical cannabis

    CVS will start selling CBD products

  • Social sales in Colorado reach record breaking $100 million in July

    News

    U.S. government sued by Seattle law firm over cannabis industry border bans

Navigate Right
Social sales in Colorado reach record breaking $100 million in July