Colorado’s cannabis industry is on pace to generate north of $213 million in state tax revenue by 2019, according to the Colorado Legislative Council’s released this week.
By The Cannabist’s calculations, that amounts to nearly $1.7 billion in sales of flower, concentrates, edibles and other infused products in the recreational and medical marijuana markets.
But what’s in a number?
This fledgling industry is laden with projections, estimates and forecasts. to locales where a single legal adult-use sale has yet to even take place.
In Colorado, pot shop cash registers have been ringing up recreational transactions for nearly three years. As such, the state has accumulated valuable—data.
We know that Colorado’s marijuana industry —through the first 10 months of 2016.
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