Despite falling marijuana prices, annual sales in one of America’s oldest regulated recreational cannabis markets have yet to plateau and instead continue to break records.
Colorado’s marijuana stores rang up a record $1.5 billion in sales of medical and recreational cannabis, edibles and concentrate products in 2017, according to data released by the state’s Department of Revenue.
Early in 2017, the state set some monthly records for sales even though wholesale cannabis prices were down 33%.
Adult-use sales topped $1.09 billion during the year, with the remaining $416.5 million coming from medical marijuana, according to the Denver Post.
It took Colorado just eight months to reach $1 billion in retail cannabis sales in 2017 – a record clip for the state.
In 2016, by contrast, it took Colorado 10 months to hit the $1 billion sales mark.
Colorado’s MMJ sales got a boost in June, when the state added post-traumatic stress disorder to its list of treatable conditions.
– Associated Press