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

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