Colorado marijuana sales continued at a record pace in October, according to the state Department of Revenue, up 25 percent from the same month in 2019.
Dispensaries tallied almost $199.8 million in sales across the state in October, DOR data shows. That number is slightly down from the $206.5 million worth of marijuana sold in September, but October's pot transactions are up big year-over-year in what has become a fruitful stretch for commercial pot. According to the DOR, this year's marijuana sales total through October of just under $1.75 billion is about $81.6 million away from breaking the record for annual pot sales in Colorado set in 2019. And there are two months to go.
From the beginning of the year through October, Colorado has collected a little over $318 million in tax revenue from marijuana sales, DOR data shows.
Marijuana users have been spending more money at pot shops during the pandemic, according to state sales and tax revenue figures in Colorado, Oklahoma, Illinois and other states with legalized marijuana. In Colorado, dispensaries reported over $1.4 billion in sales since March, when the state and local governments began issuing public-health orders related to the COVID-19 pandemic.
Colder months traditionally bring less demand for marijuana in Colorado, where sales traditionally peak in August and drop through the spring. Although 2020 is shaping up to follow that curve, the lows this year are still much higher than during any previous run.
Commercial marijuana analytics firms reported significant short-term spikes in dispensary sales last month in the days surrounding November 3's election. The marijuana industry also reported a big bump in sales on "Green Wednesday," legal pot's new version of Black Friday, which takes place the day before Thanksgiving.
Keep Westword Free... Since we started Westword, it has been defined as the free, independent voice of Denver, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Denver with no paywalls.