Colorado's cannabis industry continues to break records. This February's recreational sales were the second-highest for a month, falling just shy of the $88.2 million sold in September 2016, according to data released Monday by Marijuana Business Daily.
Marijuana sales of both medical and recreational marijuana in Colorado totaled more than $235 million for the first two months of this year — a 30 percent increase from the same time frame last year.
Marijuana Business Daily theorized that this increase is likely fueled by two factors: increased spending by existing customers and new customers entering the market. But there's another possibility:Trump's presidency is to thank for the rise in sales.
Because members of the Trump administration (we're talking about you, Jeff Sessions) continue to make threats regarding the industry, people could be stocking up. A similar phenomenon happened with gun sales when President Barack Obama took office: Gun owners feared their Second Amendment rights were threatened, so many rushed out to stock up on firearms.
Coupled with the annual increases in marijuana sales that Colorado has seen since 2014, this state could be headed for a record year. In 2015, sales came in just shy of $1 billion, but in 2016, the industry raked in over $1.3 billion.
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.