Cannitrol – Cannabis Control Agent

Marijuana news from around the world

Colorado weed sales set to crush annual record, with another $200 million month in September

Weed enthusiasts purchased more than $206.4 million worth of Colorado-made marijuana products in September, as sales from a record-breaking year moderately cooled off.

Recreational dispensaries sold $166,547,119 during the month, while medical dispensaries sold $39,941,149 for a combined $206,488,268 in revenue, according to data from the Colorado Department of Revenue.

Sales decreased 5.5% compared to August, but are up 33% compared to September 2019 as marijuana experiences a banner year for sales despite the coronavirus pandemic.

Colorado raked in $38.6 million in taxes and fees from cannabis sales in September.

Sales hit an all-time monthly high in July at $226 million. So far in 2020, consumers have spent more than $1.63 billion on smokable cannabis flower, concentrates, edibles and other products — approaching the previous annual record of $1.75 billion set in 2019.

Part of what’s driving sales is a change in buyer behavior. Since the pandemic began, marijuana consumers have become accustomed to shopping less frequently, but purchasing more when they do decide to hit a dispensary. According to Headset, which tracks cannabis sales trends around the country, the average basket size in Colorado was about $60 per person in September, up 25% from about $48 in January.