Six years after Colorado legalized adult recreational use of cannabis and amidst the largest health and economic crisis in a century, the state’s cannabis industry is flourishing. June saw recreational marijuana shops sell more than $155 million worth of cannabis products, a 6% increase from the $149,186,615 worth of cannabis products sold in May. July was even more profitable with the state reporting $42 million in medical marijuana revenues and $164.2 million from recreational marijuana for total monthly sales of $206.7 million.
Colorado is representative of the entire country’s cannabis industry: it was declared essential at the start of the coronavirus pandemic and has weathered the storm surprisingly well. While most industries were affected by the resultant economic crisis, cannabis has consistently broken sales records month after month, providing states much-needed tax revenue. As the coronavirus started spreading, experts predicted that the worsening economy…
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