Colorado Sees Average Price of Wholesale Marijuana Rise in Second Half of 2018

Starting Jan. 1, Colorado will reap more tax revenue from wholesale deals involving marijuana intended to be sold to consumers after the average prices of those wholesale products rose in the latter part of 2018.

The Colorado Department of Revenue on Thursday released updated average market rates for marijuana being sold or transferred from retail cultivation centers to recreational pot shops or facilities that make retail products like hash oil and edibles. Those sales and transfers are subject to a 15-percent excise tax. Continue reading “Colorado Sees Average Price of Wholesale Marijuana Rise in Second Half of 2018”

Colorado pot sales hit a record $1.5 billion in 2017, and border towns saw a green rush from neighbors

Colorado marijuana shops raked in a record $1.51 billion sales of medical and recreational cannabis, edibles and concentrate products during 2017, according to Colorado Department of Revenue data released Friday. Continue reading “Colorado pot sales hit a record $1.5 billion in 2017, and border towns saw a green rush from neighbors”

Colorado marijuana sales in April 2017 top $125 million

Colorado’s marijuana industry notched its 11th consecutive $100 million month in April.

But the month in which cannabis enthusiasts celebrate the “high holiday” of 4/20 fell short of setting a monthly high for the state.

The state’s pot shops raked in $125.2 million in medical and recreational marijuana sales of flower, edibles and concentrates during April, The Cannabist calculated by extrapolating Colorado marijuana taxes and fees data. Continue reading “Colorado marijuana sales in April 2017 top $125 million”

Colorado’s marijuana czar and fellow top regulator make leap into consulting