(cliff Grassmick/staff Photographer) Colorado’s Marijuana Industry Notched Its 11th Consecutive $100 Million Month In April.

Dan Kapaun, of Native Roots in Longmont, measures out marijuana on April 15, 2017. Colorado marijuana sales in April 2017 top $125 million Dan Kapaun, of Native Roots in Longmont, measures out marijuana on April 15, 2017. (Cliff Grassmick/Staff Photographer) Colorado’s marijuana industry notched its 11th consecutive $100 million month in April. But the month in which cannabis enthusiasts celebrate the “high holiday” of 4/20 fell short of setting a monthly high for the state. The state’s pot shops raked in $125.2 million in medical and recreational marijuana sales of flower, edibles and concentrates during April, The Cannabist calculated by extrapolating Colorado marijuana taxes and fees data. Recreational marijuana sales totaled nearly $88.4 million while medical marijuana sales approached $36.9 million, according to The Cannabist’s calculations. Through April, the industry brought in close to $492 million, a nearly 27 percent increase from the $388 million in sales during the first four months of 2016, The Cannabist’s archived data shows. The year-to-date 2017 sales have resulted in more than $76.3 medical marijuana million in taxes and fees revenue for the state, according to Colorado Department of Revenue data. Colorado’s marijuana industry has been in growth mode since 2014, when the state became the first in America to legalize and regulated adult-use cannabis sales. The new industry has set and surpassed benchmarks along the way.

To read more visit http://www.reporterherald.com/marijuana/ci_31051867/colorado-marijuana-sales-april-2017-top-125-million

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