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Report: America’s Marijuana Industry Headed For $24 Billion By 2025 As Colorado’s Cannabis Industry Continues Its Current — And Expected — Trajectory, It’s Doing So In The Midst Of A Metamorphosis of North America’s Marijuana Legalization Landscape.

In February, licensed shops brought in nearly $126.1 million in sales, with more than $86.4 million in recreational revenue and $39.6 million in medical marijuana revenue. It’s the third-highest monthly sales total in Colorado’s recreational marijuana era , according to The Cannabist’s calculations of Colorado Department of Revenue data made public Tuesday. The February 2017 sales total was 15 percent higher than January’s $109 million in sales and up nearly 36 percent from February 2016, according to historical sales data. The state collected roughly $17.5 million in taxes and fees for the month. It’s the ninth consecutive month in which sales have topped $100 million. Report: America’s marijuana industry headed for $24 billion by 2025 As Colorado’s cannabis industry continues its current — and expected — trajectory, it’s doing so in the midst of a metamorphosis of North America’s marijuana legalization landscape. In the wake of the 2016 election, several states — notably the colossal California — are implementing new medical and recreational marijuana programs; Canada is preparing to advance national legislation legalizing adult use and regulated sales; Congress members have introduced a spate of bills  targeting aspects of federal marijuana law. Concurrently, the Trump administration and new Attorney General Jeff Sessions have started to broach medical marijuana the topic of marijuana-related enforcement. Sean Spicer, the White House’s spokesman, said on Feb.

To read more visit http://www.thecannabist.co/2017/04/11/colorado-marijuana-sales-stats-february-2017/77088/

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