When last year's overall tax-revenue figure from marijuana sales was released in January (it totaled over $302 million), we took previous sales reports and DOR tax data to conservatively predict that Colorado pot shops sold approximately $1.72 billion worth of pot products in 2019. Looks like we undershot that figure, though, because current DOR numbers show that dispensaries hauled in over $1.74 billion last year — around $30 million more than we anticipated.
Why the bigger numbers? December, the final month of sales figures to be released, accounted for nearly $144 million in dispensary sales. Based on previous years and tax revenue reports, we thought that number would be closer to $120 million.
The final 2019 numbers easily beat all previous years since recreational pot sales began in Colorado in January 2014, beating the previous record (2018's approximately $1.55 billion in sales) by over $200 million. To date, Colorado pot shops have accounted for nearly $7.79 billion in sales, according to the DOR.