Colorado’s monthly recreational marijuana sales broke the $50 million mark for the first time in June.
Data from the Colorado Department of Revenue shows that June sales also represent the state’s greatest month-to-month sales increase, bolstering previous claims that winter and summer, the state’s high seasons for tourism, would correspond with spikes in cannabis sales.
Colorado state Sen. Pat Steadman (D-Denver) noted that, with the June data, the state with the country’s first recreational marijuana market has 18 months of data to analyze.
“I think we’re going to start seeing some more predictability,” he said. “The market is becoming more and more stable. There are still new entrants to the market, new licenses being issued and people going out of business too. But from this point forward, we’ll have data that shows us clearer trends around sales volumes and tax data, and that’s important.”
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