Colorado Recreational Marijuana Sales Exceed $5 Million In First Week

[RainDog]

http://www.huffingtonpost.com/2014/01/08/marijuana-sales-colorado_n_4552371.html

Owners of the 37 new dispensaries around the state reported first week retail sales to The Huffington Post that, when added together, were roughly $5 million.

Colorado, the first state to allow retail recreational marijuana sales to adults age 21 and older, has projected nearly $600 million in combined wholesale and retail marijuana sales annually. The state, which expects to collect nearly $70 million in tax revenue from pot sales this year, won't have its first official glimpse at sales figures until Feb. 20, when businesses are required to file January tax reports, according to Julie Postlethwait of the state Marijuana Enforcement Division.

Denver's 9News was first to report statewide retail sales on New Year's Day, the first day legal pot shops were allowed to operate, exceeded $1 million. Interest dropped in the days that followed, according to shop owners, but many reported customers still waiting in lines out the door.

Owners of larger shops told HuffPost they sold from 50 pounds to 60 pounds of marijuana in the first week. Smaller shops sold 20 pounds to 30 pounds, proprietors said.

Edible marijuana sales shattering sales projections in Colorado

http://www.10news.com/home/tablet-showcase/edible-marijuana-sales-shattering-sales-projections-in-colorado-01202014

A one-month supply of marijuana edibles, gone in the first three days of January. That's what the area's largest supplier of marijuana edibles is saying about the incredible demand for the product since recreational sales were legalized in Colorado on Jan. 1.

New job creation is shattering previous projections.

"We're looking at upwards of 10,000 new jobs being created over the next few years," said Hodas.

There's also a new crop of courier services catering specifically to the marijuana industry, in large part because marijuana is still prohibited by the federal government.

[flamingdem]

1. duuude

[RainDog]

3. as each state legalizes

people who can should travel to each state to mark the moment by a purchase in that state to help solidify this issue as a solid gain for each state.

I hope the politicians who have spent their careers opposing such legislation recognize what TOTALLY CLUELESS not-worth-electing pains in the ass of humanity they have been.

Elect Republicans and you get stupid economic policies.

[msongs]

2. and now the police will be PROTECTING the drug sellers instead of arresting them lol nt

[RainDog]

4. Maybe this will make it possible for banks to let them open accounts...

especially since banks have laundered money for drug cartels for decades all over this nation.

...and those same banks got a slap on the hand when caught by the Justice Dept. last year-ish.