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Marijuana sales in Colorado continue to reach new highs, fueled by increasing demand for recreational cannabis.
Sales of medical and adult-use marijuana hit $846 million during the first eight months of 2016, up 33% from the same period last year, according to calculations by Marijuana Business Daily based on the latest state tax data.
Dispensaries and rec shops reported $126 million in cannabis sales in August alone – a new record for the state’s marijuana industry. Recreational cannabis accounted for nearly $85 million of the total, up a whopping 43% from August a year ago.
Industry officials attribute the August increase to