Jars of marijuana flower on the shelf at the Sticky Buds dispensary in Denver, CO.
Colorado has hit a milestone with over half a billion in marijuana revenue. The state legalized adult use marijuana and sales began on January 1, 2014 and a myriad of taxes has led to this huge windfall for the state.
The Colorado Department of Revenue also reported that combined medical and recreational marijuana sales in the month of May were $127.7 million – making this the twelfth month in a row in which sales have gone over $100 million. Since the beginning of the year, the industry has delivered $620 million in sales with $95 million going into the state’s coffers.
VS Strategies’ Mason Tvert and Brian Vicente, who co-directed the successful 2012 campaign to regulate and tax marijuana for adult use, will present state Representative Jonathan Singer with…