Saturday, January 11, 2014
Marijuana Sales Exceed $5 Million In First Week
Colorado marijuana dispensaries made huge sales in
the first week of legal recreational marijuana. Owners of the 37 new
dispensaries around the state reported first week retail sales to The
Huffington Post that, when added together, were roughly $5 million.
That's a lot of green for Colorado's legal weed.Colorado,
the first state to allow retail recreational marijuana sales to adults
age 21 and older, has projected nearly $600 million in combined
wholesale and retail marijuana sales annually. The state, which expects
to collect nearly $70 million in tax revenue from pot sales this year,
won't have its first official glimpse at sales figures until Feb. 20,
when businesses are required to file January tax reports, according to
Julie Postlethwait of the state Marijuana Enforcement Division.
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