Colorado has hashish gross sales of greater than $ 2 billion in 2020

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“It’s good that at least some of our industries are doing well in this really challenging year.”

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Sam Riches

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February 12, 2021 • • 27 minutes ago • • Read for 2 minutes ASPEN, CO - APRIL 18: Beatriz Herrera-Rodden (C) shows some of her marijuana samples at the 2010 Cannabis Crown in Aspen, Colorado.  Herrera-Rodden runs Soverign Salud, a health and wellness clinic in nearby Carbondale that uses marijuana in relaxation therapies.  Colorado, one of 14 states that allows the use of medical marijuana, has seen an explosion in marijuana dispensaries, trade shows, and related businesses over the past year as marijuana use becomes mainstream.  (Photo by Chris Hondros / Getty Images) FILE: ASPEN, CO – Beatriz Herrera-Rodden (C) shows some of her marijuana samples at the 2010 Cannabis Crown in Aspen, Colorado. / Photo by Chris Hondros / Getty Images

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According to The Denver Post, Colorado cannabis sales hit an all-time high in 2020. Consumers across the state spent $ 2.2 billion.

Citing figures from the State Department of Revenue, Colorado will reportedly generate $ 387.4 million in tax revenue from the sales.

Revenue in 2020 was 25 percent higher than 2019, with analysts citing the pandemic as one of the growth drivers.

“It is good that at least some of our industries are doing well in this really challenging year,” Governor Jared Polis told the Denver Post. “It also shows that with added measures such as delivery, Colorado’s marijuana industry continues to lead in excellence and innovation.”

Cannabis sales in Canada also hit record highs in 2020. The final numbers for the year are not yet in, but sales across the country have surpassed 2019 numbers every month in 2020.

In November 2020, the last month of Statistics Canada, retail cannabis sales in Canada reached more than $ 260 million, up 93 percent from November 2019 when sales were $ 135 million.

Flowers continue to be the premier product category across Canada, and so was Colorado. Flowers accounted for nearly 50 percent of all cannabis purchases in the state, according to Headset, a US data analytics company.

“My guess is that customers typically see flowers as one of the most affordable ways to buy cannabis,” Cooper Ashley, data analyst at Headset, told the Denver Post. “This goes hand in hand with the trend in basket sizes and stockpiling. We saw many more purchases of seven grams, 14 grams and 28 grams (flower). It’s more bang for your buck, ”says Ashley.

Total sales in Colorado have been nearly $ 10 billion since recreational cannabis was legalized in 2014.

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