Pubdate: Fri, 10 Oct 2014
Source: Denver Post (CO)
Copyright: 2014 The Denver Post Corp
Contact:  http://www.denverpost.com/
Details: http://www.mapinc.org/media/122
Author: Ricardo Baca
Page: 2A

POT SALES CLIMB ANOTHER 10 PERCENT IN AUGUST

Marijuana sales in Colorado saw a 10 percent bump in August - and 
industry leaders don't expect that growth to slow anytime soon.

The sales of recreational and medical marijuana in Colorado each 
jumped more than 10 percent from July to August 2014, according to 
numbers released Thursday by the Colorado Department of Revenue.

In August, customers purchased more than $33 million in recreational 
cannabis - up from $29.7million in July and $24.7million in June. 
Consumers bought more than $32.2 million in medical marijuana in 
August - up from $28.9million in July and $28.6 million in June.

The marijuana tax numbers are also adding up. Since Jan. 1, Colorado 
has brought in more than $45.2million in taxes, licenses and fees for 
recreational and medical marijuana.

Industry experts attribute the growth of the recreational market to 
the expanding number of stores opening throughout the state.

"Every day that goes by, or at least every week, we have new 
recreational marijuana businesses opening in Colorado, and that helps 
explain the increase in tax revenue," said Mike Elliott, executive 
director of the Marijuana Industry Group. "The industry is expanding 
its reach. Recreational is going to continue getting bigger than medical."
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MAP posted-by: Jay Bergstrom