Marijuana Sales Smash Previous Monthly Record, Cross $200 MillionPosted by On

Most business owners will be shaking their fists at 2020 for the remainder of their lives, but this year has been kind to the marijuana industry. After setting a new monthly record in June, dispensary sales kicked down the door in July, crossing the $200 million mark for the first time, according to the state’s Department of Revenue.

Colorado marijuana sales started booming in May, increasing 23 percent over April to nearly $192.2 million, and they haven’t looked back. Dispensaries sold almost $199 million worth of weed in June, then jumped another 12 percent to over $226.3 million in July, DOR numbers show. That’s more than $617.4 million in legal marijuana sales in three months.

Marijuana sales typically peak in August, according to DOR data, with sales tailing off in colder months. However, 2020’s record-breaking sales numbers have defied earlier expectations of declining sales in the face of COVID-19 and an ensuing economic recession. Reduced tourism in Colorado during the…

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