Marijuana sales in Colorado continue to reach new highs, fueled by increasing demand for recreational cannabis.
Sales of medical and adult-use marijuana hit $846 million during the first eight months of 2016, up 33% from the same period last year, according to calculations by Marijuana Business Daily based on the latest state tax data.
Industry officials attribute the August increase to seasonal factors, with more tourists coming to the state during the summer and purchasing cannabis, according to the Cannabist.
Adult-use sales are also up nearly 50% this year through August compared with the first eight months of 2015.
Medical marijuana sales flat-lined, coming in at $41 million in August – down about $13,000 from the same month in 2015. They are still up 10% during the first eight month of the year, however.