The Mile High City reached new heights this August when it comes to—well, getting high. Marijuana sales broke the $100 million mark for the first time since Colorado legalized marijuana, with recreational sales bringing in $59.2 million and medical marijuana $41.4 million for a combined record amount of $100.6 million in marijuana revenue.
“It means that $100 million is going to licensed, taxpaying businesses, creating jobs and helping to build new schools instead of going to cartels and drug dealers, as is the case in the 46 states that don’t regulate marijuana,” Dan Riffle of the Marijuana Policy Project told Yahoo News.
These numbers are coming right after the report that recreational marijuana in Oregon pulled in more than $11 million in the first week. In fact, it is estimated that marijuana sales in Colorado, Washington, and Oregon in 2015 combined will easily break the billion-dollar mark; some estimates even have Colorado breaking it all on its own.
At this point, it’s no longer a question whether or not there’s money to be made by in the regulated marijuana industry — the numbers are here, and they're spectacular. The question is, which state will be next to end the ridiculous charade that is prohibition and reap the major financial benefits that legalization so evidently brings?