July pot taxes: Recreational marijuana outsells medical for first time

For the first time in Colorado’s legal marijuana market, recreational cannabis outsold medical pot in the month of July, according to numbers released Tuesday by the state’s Department of Revenue.

In July 2014, customers purchased more than $29.2 million in recreational marijuana — up from $24.6 million in June. Medical marijuana patients spent more than $29.9 million on marijuana in July — comparable to June’s $29.2 million in sales.

Clarification: The Cannabist has changed the way it calculates 2014 monthly marijuana sales numbers because of new information obtained from the state of Colorado. Past projections were updated in this story on Nov. 11, 2014, via our new formula.

The numbers point toward Colorado’s medical sales potentially leveling out as receational sales continue to rise with more and more shops open for retail sale.

The pot taxes, too, are starting to build up. Since Jan. 1, Colorado has brought in more than $37.5 million in taxes, licenses and fees for recreational and medical marijuana.

Year One of recreational marijuana: Get an inside look at one of Colorado‚Äôs biggest pot retailers, Medicine Man — the ambitions of the family behind it and the evolution of their business amid changing state regulations