Jars of marijuana buds sit on the counter at the Denver Kush Club in north Denver. (David Zalubowski/AP)
Colorado legalized marijuana in 2014 and according to the state’s department of revenue, sales since then have exceeded $6.56 billion.
"Today’s report continues to show that Colorado’s cannabis industry is thriving, but we can’t rest on our laurels," Colorado Gov. Jared Polis said in a statement on Wednesday. "We can and we must do better in the face of increased national competition. We want Colorado to be the best state for investment, innovation and development for this growing economic sector."
The department of revenue also reported that the marijuana industry is creating jobs in the state, with 2,917 licensed businesses and 41,076 individuals licensed to do participate in the sale of cannabis.
Jim Burack, director of the Colorado Department of Revenue, said: “We are committed to facilitating responsible innovation within this dynamic industry through continued engagement with our diverse group of stakeholders. Colorado will continue to be known for its regulatory leadership.”
Marijuana revenue funds have supported community behavioral health programs including mental health services for juveniles and adults, crisis services, criminal justice diversion, substance use disorder and detoxification services.