Colorado has released its first annual report on the status of the marijuana market a year after legalization in the state. It shows a growing industry that has sold nearly 75 tons of cannabis flower and almost 50 million units of pot edibles.
A year after the first licensed marijuana retail stores opened in Colorado, the Marijuana Enforcement Division says the state has sold nearly $700 million of medical and recreational marijuana in 2014. More than half of that, or $386 million, was spent on medical marijuana while $313 million accounted for recreational use.
Seventy-four tons, or 148,000 pounds, of cannabis flower was sold in the first year of legal pot sales. Majority of that sales comprising 49 tons, or more than 109,000 pounds, went to the medical industry. In contrast, recreational users only purchased 17.5 tons, or more than 38,000 pounds, of marijuana flower.
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