Recreational marijuana sales in Colo. eclipse medical for first time

Photo: CPR/File
Researchers want to know whether medical marijuana is effective in controlling seizures in kids.

Recreational marijuana has finally overtaken medical sales in Colorado, according to the latest tax data from the state.

In July, customers from around the world came to Colorado and purchased $29.7 million worth of pot, a 20 percent increase over the previous month, and a 112 percent jump since January when sales first started. For the year, more than 100 shops statewide have sold nearly $145 million in pot.

Naturally, taxes have grown significantly as well. Since sales began, state officials have collected more than $25 million in recreational pot taxes and fees, with $5 million earmarked for public school construction as per the constitutional amendment that approved non-medical sales.

The medical market, meanwhile, has remained surprisingly stable. Sales have only fallen by 8 percent since recreational sales started, and the medical registry is actually up 2 percent to 113,506 patients.

Taken together, the medical and recreational marijuana industry have sold about $350 million worth of pot since January, contributing $37.5 million in taxes and fees to government coffers.