Colorado marijuana tax revenues surge as recreational sales surpass medical
New revenue figures out of Colorado show that legal recreational marijuana sales have surpassed medical marijuana sales. The milestone is largely symbolic, but the overall trend shows a strong increase in recreational sales since the spring.
One of the challenges facing Colorado’s legal marijuana market has been the slower-than-expected shift from medical to recreational sales. As the Brookings Institution’s John Hudak noted recently, “For years it has been an open secret in Colorado that some people were using medical marijuana without a legitimate medical condition. One goal of creating the retail market was to draw those gray-market users away from medical and toward recreational.”
Photo: AP Photo/Brennan Linsley