Colorado has now generated more than $1 billion in total state revenue from the legal marijuana industry, another milestone for the state that legalized cannabis in 2014.
Colorado already has posted some big numbers: More than $6 billion in total sales of cannabis since the birth of the new industry — over $6.5 billion at the end of May, according to just-released monthly data from the state.
And the state's revenue from adult-use marijuana sales has accelerated.
The state's legal marijuana sales revenue doubling from the $500 million mark to $1 billion ($1,017,120,136 exactly) took under two years, while getting to $500 million took close to three and a half years.
Since July 2017, Colorado total monthly tax and fee revenue from marijuana sales has never dipped below $20 million.
In February 2014, the first month with sales tracking data, total state revenue was $3.5 million.
It's creating tens of thousands of jobs, tax revenue for the state, filling up buildings for landlords and reducing crime. »
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