Colorado continues to see growth in state-regulated sales of recreational marijuana, with the latest figures showing sales totaling $34.1 million in August, The Washington Post reports.
The newspaper’s Wonkblog crunched numbers from the Colorado Department of Revenue, finding that sales of recreational pot have begun to outpace medical cannabis.
And increased sales means more revenue for the state. Staff writer Christopher Ingraham, who has dug into Colorado’s marijuana data before, reports that the state took in $7.5 million in revenue from the sales of medical and recreational cannabis in August — and about $45 million so far this year.
Medical marijuana also jumped sharply in August, after several months of flat or declining sales. Medical sales figures were just under the recreational total, at $33.4 million. One goal of creating Colorado’s recreational marijuana market is to shift customers away from the medical market.
The numbers suggest that work remains to be done on that front. Part of the challenge is that medical marijuana is taxed at lower rates than recreational marijuana, leading to significant price differences.
Other marijuana-related headlines worth a look this morning:
Entrepreneur moved across country to Seattle to make pot-infused syrups (Evan Bush, The Seattle Times)
— Noelle Crombie
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