New record for cannabis sales in Colorado

A a fruitful April for cannabis dispensaries in Colorado. Approximately 117.4 million spent on green heads, space food and THC concentrates in April 2016.

The Department of Revenue separates the two types of sale: 76.6 million dollars for recreational cannabis and 40.8 million dollars medical cannabis.

April 2016 steals the record for recreational cannabis sales from December 2015, a record that stood at 62.2 million dollars. But experts in the cannabic sector and all observers agree on one thing: the 4/20 is the main factor behind this new sales record.

This year, the cannabis in Colorado had pushed the marketing and promotional envelope to attract as many customers as possible. Bus-Cannabis, cannabis Tour, The event included a concert in the open air and the presence of superstars to provide after-sales service.

Christmas four months on, recreational cannabis sales were up 80 % year-on-year over the same period. Medical cannabis sales were up 22 % on March.

For the third time in less than a year, cannabis sales in Colorado have exceeded 100 million dollars in 1 month. 100.6 million in August 2015 and $101.3 million in December.

The state of Colorado is smiling, the three taxes imposed on cannabis brought in almost $57 million in just 4 months. The months of record sales also sound like possible future investments for the authorities.

Colorado is developing a massive cannabis tourism industry. This clientele boosts sales figures for shopkeepers, but could diminish in the long term as the legalizations that may take place in states such as California.

In 2015, total cannabis sales in Colorado amounted to nearly 996 million billion. The target for 2016 is to exceed $1 billion.

Théo Caillart