2.8 Million Pot Munchies and Other Numbers From Colorado's First Year of Retail Weed
Colorado’s grand marijuana-retail experiment resulted in almost 20 tons of pot sold to recreational users in 2014.
It was the first year of legal recreational sales in the state, thus the first time a statewide retail market for marijuana could be quantified. Before Colorado, no government in the U.S. had ever allowed retail sales. The state had previously allowed medical pot, which has low taxes but requires a doctor’s note. Recreational marijuana sales, which became legal in January 2014, opened the doors to any buyer age 21 and over. Retail sales carry a heavy tax burden. Colorado collected $63 million in tax revenue and an additional $13 million in licenses and fees on $699 million of combined medical and recreational pot sales in 2014.