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Colorado pot sales reach $1 billion in first 10 months of 2016

Justin Sullivan

<p>OAKLAND, CA - JULY 22: Marijuana plants sit on a shelf at Coffeeshop Blue Sky cannabis dispensery July 22, 2009 in Oakland, California. Voters in Oakland, California overwhelmingly approved a measure during a vote-by-mail special election for a special tax on sales of medicinal marijuana at the city's four cannabis dispenseries. The new tax rate of $18.00 per $1,000 in sales, up from $1.20 per $1,000, will generate an estimated $294,000 for the financially strapped city. (Photo by Justin Sullivan/Getty Images)</p>

By: Robert Garrison

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DENVER -- Business had been very good for pot shops.

New numbers released Monday show Colorado dispensaries sold more than $1 billion in marijuana in just the first 10 months of the year. That is a milestone for the industry.

The taxes collected from retail pot sales through October totaled $151.4 million.

Denver7 partner the Denver Post reports that 2016 pot tax totals could surpass taxes from 2014 and 2015 combined.

Last year, Colorado marijuana businesses sold more than $996 million in pot products.

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Colorado pot sales reach $1 billion in first 10 months of 2016

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