Colorado tops $1 billion in legal marijuana sales

Colorado marijuana sales exceed expectations. FOX 21 News File Photo

COLORADO SPRINGS, Colo. — The state of Colorado is seeing green all over.

The state’s marijuana shops have reached a massive new milestone – $1 billion in legal, regulated sales in the first 10 months of 2016, the Colorado Department of Revenue reports.

Recreational and medical cannabis shops have already surpassed last year’s total of about $996 million.

Estimated sales of pot could reach $1.3 billion by the end of this year, which could have a total economic impact of over $3 billion.

 

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