Category: marijuana sales

Marijuana Shops in Colorado Take in Another $136 Million in September

According to new estimates from The Cannabist, recreational and medical marijuana stores in Colorado sold over $136 million in products in September of 2017. Since actual sales numbers aren’t available in Colorado, The Cannabist gets their estimates by extrapolating sales data from tax revenue data. During the first three-quarters of the year cannabis shops in Colorado have exceed $1.1 billion in sales, up 19% from the same period last year. Earlier this year, however, the annual rate of growth was at about 36%, leading some to speculate on whether a plateau in marijuana sales is coming in Colorado. The...

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Nevada is Hoping to Award Additional Marijuana Distributor Licenses

Getty Since Nevada’s recreational cannabis sales started on July 1st, there has been a clear need to finally license more distributors to ensure dispensaries can stay stocked with product. Only a week after sales started, dispensaries were already reporting that they were running low, or in some cases sold out – and there was no chance of getting more product until distributors were properly licensed. “I think the evidence is fairly clear today that this market needs to be opened up,” said Deonne Contine, executive director of the tax department. “The capacity of only liquor wholesalers to serve the...

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