Colorado sold a record $1.75 billion of cannabis last year

Colorado cannabis shops notched sales of nearly $1.75 billion during 2019, setting a new annual sales record for the state home to the nation's longest-established recreational cannabis industry, according to Colorado Department of Revenue data

Colorado cannabis shops notched sales of nearly $1.75 billion during 2019, setting a new annual sales record for the state home to the nation's longest-established recreational cannabis industry, according to Colorado Department of Revenue data first reported by the Denver Westword. Cannabis giant Canopy Growth posts earnings surprise The new high water mark for sales netted more than $302.

Read More"To see it turn around in 2019 is a bullish indicator that price compression can't keep the popularity of legal cannabis down," he said. Adams attributed the rebound in Colorado's sales growth to two key factors: the increasing prevalence of non-flower products and changes in consumer behavior.

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