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In a significant milestone for the cannabis industry, Colorado’s combined recreational and medical marijuana sales hit $1.1 billion in the first 10 months of 2016.
That total eclipsed Colorado’s combined cannabis sales in 2015 of just over $996 million, according to The Cannabist. Colorado is now the first state with medical and recreational program to officially top the $1 billion mark in a calendar year, underscoring the growth in the marijuana industry.
At the current pace, marijuana sales in Colorado could hit more than $1.3 billion this year, which would come in at the top end of estimates