Colorado Reports Record Marijuana Sales of $1.75 Billion From 2019 The figure comes from the state's <br />Department of Revenue data. Over $300 million in tax revenue was brought in,<br />which goes towards school construction, law enforcement and <br />public safety programs. The cannabis industry in Colorado is the <br />longest-established of its kind in the U.S. The surge is surprising, as the state's pot market <br />previously appeared to be plateauing. BDS Analytics' Tom Adams says that this<br />was due to price drops on marijuana buds. Colorado's cannabis sales <br />jumped 13 percent from 2018 to 2019. That is a big increase from the <br />2.5 percent bump recorded <br />from 2017 to 2018. Tom Adams, via CNN Business Adams attributes last year's sales increase <br />to consumer behavior changes. He also cites recent BDS studies, which <br />show that marijuana is inserting itself <br />more into people's everyday lives.
