Colorado's monthly cannabis sales totaled nearly $99 million in May, according to Department of Revenue data released Wednesday. (Denver Post file)

Colorado rings up $98.6M in marijuana sales for May 2016

Colorado marijuana shops have sold more than $486 million of cannabis flower and products in the first five months of 2016

In the first five months of 2016, Colorado marijuana sales already were starting to flirt with the half-billion mark.

Colorado recreational pot shops and medical marijuana dispensaries reeled in nearly $98.6 million in sales during May, bringing the year-to-date tally for 2016 to just over $486 million, according to Colorado Department of Revenue tax data released Wednesday.

The state’s cannabis industry very well could surpass $1 billion in sales by November, if the coming months’ sales keep pace with 2015 monthly revenue.

The May sales — $37.7 million from medical and $60.85 million from retail — represent the fourth-highest monthly total since Colorado started recreational sales in January 2014.

Colorado’s monthly marijuana sales set a record at $117.4 million last month — likely buoyed by the April 20 marijuana holiday.

The May sales of flower, edibles and concentrates resulted in a nearly $14.5 million boost to Colorado coffers. Through May, taxes and license fees have contributed upward of $71.4 million in tax revenue, according to the data.



Sales stats for Colorado weed
A month-by-month look comparing sales of recreational and medical marijuana

2016 Recreational total (5 months)
$307,631,423
2016 Medical total (5 months)
$178,459,188
2016: $486,090,611
2015 Recreational total (12 months)
$587,834,219
2015 Medical total (12 months)
$408,350,569
2015: $996,184,788