Recreational Sales Rise 5% in Colorado

Colorado flag with hemp leaves overlay
Colorado recreational marijuana sales rose 5% in February to hit $15.1 million,

The rate is larger than it appears given that there are fewer days in February. Cannabis outlets generated about $540,000 each day in February, compared with about $464,00 the previous month – an increase of about 15%.

Colorado’s recreational sales are expected to grow steadily through the year as more stores open for business and inventory supply challenges resolve themselves.State lawmakers are taking a cautious approach to tax revenue until they can predict tax revenues with greater accuracy.

On the medical side, sales rose 12% in February to top $35.2 million, indicating that the new recreational market is not taking MMJ revenues.

The state collected $3.2 million in taxes and fees on recreational and medical marijuana in February.

About Douglas Slain

Doug received a JD from Stanford Law School, a MA from the University of Chicago, and a BA from DePauw University (Phi Beta Kappa). After practicing real estate and finance law at then Pillsbury, Madison & Sutro, he founded four national monthly law reporting titles now owned by Thomson-Reuters. He served two consecutive terms as chairman of the American Bar Association’s General Practice section’s Professional Responsibility Committee. Slain was an ABA-appointed rule of law consultant to the Ministry of Economy for the Republic of Latvia as its secured transactions adviser. He taught briefly at Stanford Law School as an adjunct clinical law professor. Slain has been the managing partner of Private Placement Advisors since August 2009. In January 2013 he founded Outliers Network.

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