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After a couple of rocky months of falling numbers, Colorado's legal marijuana industry bounced back in June, according to the Colorado Department of Revenue, racking up over $129.5 million in sales. The 5 percent rise was pushed by another month of strong recreational sales and a rare bump in medical marijuana earnings.
June's $102.4 million in retail marijuana sales made it the second-highest month the state has seen, DOR data shows, just behind March 2018's $105.9 million. The boost in sales came after two straight months of falling sales in all categories. Even medical sales, which had fallen four out of five months since last year, increased slightly month over month in June, hitting $27 million.
Here are the current sales stats:
Despite the previous monthly dips, the DOR says that dispensary sales are still on pace for annual growth. This year, Colorado dispensaries sold over $742 million of products by the end of June — nearly $21 million more than the first sixth months of 2017.
With sales data from July yet to be analyzed and August and September still on the horizon, the industry could see that level of growth increase. Summer months routinely rack up big sales, and Labor Day has proved to be one of the highest-earning weekends for legal pot, according to dispensary analytics firm BDS Analytics.
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