Colorado weed deals have outperformed $10 billion since the state’s recreational market started in 2014 — thanks in enormous part to an unprecedented 2020 in which businesses sold $2.2 billion worth of cannabis.
The Denver Post reports that the offer of almost $152 million in recreational pot and almost $36 million in medical pot in January alone pushed absolute deals since 2014 to $10.2 billion, Dept of Revenue data revealed this week.
January deals were almost 35% percent higher than they were in January 2020. State incomes in duties and charges were almost $35 million in January.
Colorado citizens in 2012 endorsed a constitutional amendment allowing the deal and utilization of cannabis for grown-ups. Deals started two years after the fact.
State lawmakers are working at enactment that could cap the potency of THC, the medication’s psychoactive compound, for cannabis concentrates, necessitate that inhabitants look for medical use cards in person only, and improve data collection, to more strictly enforce limits on purchases
