Denver and Colorado Keep Breaking Retail Weed Records
Colorado dispensaries have sold a record $1Billion in recreational marijuana.
That's $1Billion. Take a second and let that soak in. $1Billion is a thousand million. You go you 999 million and then it's $1Billion. The City of Denver itself saw marijuana sales reach a record high of $587 million last year. That's a lot of money folks.
Sure, Denver is a much larger than Grand Junction. The City of Denver's population is nearly 700,000 with the metro total of nearly 3 million. Grand Junction's city population is right at 60,000. Just under 10% of Denver. Hummmm, if the City of Denver sold $587 in recreational marijuana could Grand Junction's potential revenue be $50+ million? My math and matrix may not reflect reality but there's no question GJ could add a significant amount to dollars to their coffers.
The City of Denver is somewhat the "poster child" of how cities should manage their recreational marijuana sales. “This new report demonstrates Denver’s coordinated approach between multiple agencies to manage marijuana is working,” Denver Mayor Michael B. Hancock stated. “We took on the daunting challenge of becoming the first major city in America to manage legalized recreational marijuana and we are having success.”
It's worth repeating, Colorado dispensaries sold a record $1Billion worth of recreational marijuana in 2017. This was a 27% increase from the year before. "Hey, Grand Junction City Officials, it's time to get in on the action!"