Marijuana’s rise to its status as the newest powerhouse in American retail sales has been truly meteoric in every way except one—through an extended period of double-digit growth, we’re still waiting for a sign of the (so we thought) inevitable flame-out.
Things will slow eventually—they have to, experts and economists say—but not right now. Through the first 11 months of 2016, Colorado’s marijuana shops tallied $1.2 billion in sales, an increase of 33 percent from 2015, according to the most-recent figures crunched by the Cannabist.
Recreational and medical consumers in the state rang up $106 million in sales in November, a 32 percent increase from November sales the year before.
And this in after a quiet month: despite whatever boost marijuana shops received around Thanksgiving, by repute now one of the busiest times for dispensaries, total sales in November were the lowest since May, when marijuana retail outlets sold only $98.6 million worth of legal weed.
Perhaps owing to the summertime vacation crowd, or maybe because people just buy more weed when the weather is nicer and the days are longer, the best months were July, August, and September, with three consecutive months of record-breaking sales. Sales totaled roughly $129 million in September, according to data from the Colorado Department of Revenue. (READ ON)