Marijuana Policy Group

2016 Goes To Pot: Colorado Cannabis Sales Top $1 Billion & Oregon Sales Defy Expectations

Farmworkers transport newly-harvested marijuana plants, at Los Suenos Farms, America’s largest legal open air marijuana farm, in Avondale, southern Colorado, Oct. 4, 2016. (AP/Brennan Linsley)
DENVER — Legal cannabis is booming, and with Colorado netting $1 billion in legal, regulated sales in the first 10 months of 2016, the industry’s growth isn’t showing any signs of slowing.

Legal Marijuana Created 18,000 New Jobs in Colorado Last Year

The marijuana industry created more than 18,000 new jobs in Colorado last year, and had a $2.39 billion impact on the state, according to a new report released October 26. [1]
In a study conducted by the economic consulting firm Marijuana Policy Group (MPG), researchers looked at two years’ worth of sales numbers from Colorado and found that legalization resulted in nearly $1 billion in retail sales in 2015.
Source: WeAreChange.org