Another Record Breaking Year For Colorado’s Growing Marijuana Industry
You will be shocked to learn how much money Colorado's marijuana industry made in 2022.
Marijuana Is Big Business In Colorado
Of course, it's not a secret the pot industry is big business in Colorado and in more and more states across the country. According to the Canon City Daily Record, Colorado has sold more than $12 billion worth of marijuana in the past eight years, since the legalization of recreational pot and the beginning of retail sales in 2014.
When it comes to marijuana sales in Colorado, each year is a new record, and 2021 was no exception. Colorado reported total marijuana sales of $2.2 billion last year, up from the $2.19 billion in 2020.
Marijuana Use On the Increase
Without a doubt, recreational use of marijuana is on the increase, but, you hear of more people legitimately turning to pot for its medical benefits. Access to marijuana has increased as more dispensaries pop up around the state.
Marijuana Businesses Coming To Grand Junction
It won't be long before Mesa County residents will have quicker and easier access to marijuana. The city of Grand Junction has approved 10 marijuana licenses but is still working through the process of determining exactly how to regulate the pot businesses in the city and who will get the licenses. Once that happens, the city can start reaping the benefits of all those marijuana tax and fee dollars.
Think about this for a minute. $2.2 billion in marijuana sales. That comes to about $385 for every man, woman, boy, and girl in Colorado. The big pot dollars translated into over $423 million in tax and fee revenues for the state in 2021. The amount of money being spent on marijuana in Colorado is truly mind-blowing - and it shows no signs of slowing down anytime soon.
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