Its Also The Fifth Consecutive Month That Medical Sales Have Seen A Drop.

The Cannabists calculations of state tax revenue data that dropped Thursday afternoon show that recreational marijuana sales in January 2017 totaled $77.9 million up $21.4 million year-over-year while the months medical marijuana sales were $31.1 million, a 2.8 percent decrease from January 2016. Its the eight consecutive month that medical and adult-use sales have topped $100 million. Its also the fifth consecutive month that medical sales have seen a drop. Medical marijuana sales in the state have steadily declined since setting a yearly high of $41.4 million last August, Cannabist tabulations show. As of Dec. 31, 2016, there were 94,577 active patients on Colorados medical marijuana registry, according to Colorado Department of Public Health and Environment data. That was down from 100,503 patients in November, 102,914 patients in October and 107,554 medical marijuana patients in December 2015. As recreational pricing falls to the same level as medical pricing especially for the 1 ounce quantity the benefit of using medical dispensaries is falling to zero, Miles Light, an economist, wrote via e-mail to The Cannabist. Light is also the co-founder of the Denver-based Marijuana Policy Group, an economic, financial and policy research and consulting firm focused on the marijuana industry.

To read more visit http://www.denverpost.com/2017/03/10/colorado-marijuana-sales-january-2017/

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