Colorado is cleaning it up when it comes to marijuana sales. Just in 2015 alone, the Centennial State raked in $996,184,788 worth of recreational and medical cannabis, according to new data from the state Department of Revenue.
Let me just repeat that number again: $996,184,788. Holy shit, that’s a lot of money!
On top of all that cash, Colorado was able to collect more than $135 million in marijuana taxes and fees in 2015, with a big portion of that going to school construction projects throughout the state.
“These are amazing numbers,” said attorney Steve Fox, one of the principal drafters of Colorado’s pot-legalizing Amendment 64, “especially on the tax revenue side.”
Less than seven years ago, all of that money was being spent in the underground market.
“It’s remarkable that less than seven years ago, all of that money was being spent in the underground market,” said Mason Tvert, the Marijuana Policy Project’s communications director. “Clearly there’s a large demand for marijuana, and we’re now seeing that demand being met by legitimate businesses that are answering to authorities instead of criminals who answer to nobody.”
Colorado recreational marijuana sales first started on Jan. 1, 2014, and since then, business has been booming – as you can see by the numbers. Compared to the $699 million Colorado made last year off marijuana, it’s pretty apparent to see that the numbers will continue to rise.