Colorado recreational marijuana sales jump 60 percent in April: Thanks 4/20!

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April saw a lot more than crop-watering showers in the marijuana world. According to the Colorado Department of Revenue, about $22 million in recreational pot was sold in April, up nearly 60 percent from January, when retail sales started.
Meanwhile, medical marijuana sales — which still far outpace recreational sales — dropped from about $34.47 million in March to $31.7 million in April. April medical marijuana patient figures aren’t available yet, but the state’s MMJ registry has been slowly increasing over the past few months and had 115,208 patients as of March 31.


The huge jump in recreational sales means a sizable increase in tax revenue for the state. Colorado collected $3.5 million in combined state sales tax, 10 percent marijuana tax and 15 percent excise tax on recreational marijuana sales in April, as well as nearly $1 million from state sales tax on medical marijuana. According to the state, $1.9 million in excise-tax revenue has been collected since the start of the year, all of which will go toward public school building construction and maintenance.
More over at The Latest Word.

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