Even though the price of an 1/8th ounce of recreational cannabis in Colorado has dropped from $50-$70 to $30-$45 in the last year, revenue is up, because the number of visitors to stores has greatly increased.
A quick look at the latest available state tax data from the Colorado Department of Revenue show these stores in the aggregate beat its 2014 comps from January through April. For example, the state grossed $3.55 million in revenues from the 10% retail sales tax in January, which suggests stores earned $35.5 million in revenue. That’s a 153% increase from the prior year. Revenues in February and March grew by 164% and 126% on the year respectively, while sales rose by 98% y/y to $43.9 million in April. If we use the average of revenues for the first four months of this year – about $40 million – as our monthly run rate for the balance of 2015, total revenues for 2015 could reach $480 million. That would mark a +50% comp to last year’s revenues of $313 million for recreational marijuana sales.
Weed is so cheap in CA, I’m going to fill my own pre-rolls. Watching me roll a joint is like watching the Benny Hill show, but not any fun. A friend suggested this kit. I am going to try it out. The price of plain ol’ weed in California has sunk a lot but pre-rolled […]
🔴 🚁 El helicóptero de #LaVuelta19 descubre una plantación de marihuana en una azotea. pic.twitter.com/Zhry3x1rng — AUGC Guardia Civil (@AUGC_Comunica) September 3, 2019 Evidently the excitement in this bike race video from Barcelona is the identification of marijuana plants growing on a roof. Volunteer marijuana is unusual to find on a Spanish rooftop, hence the […]
When two plain-clothes police officers approached a woman smoking a joint at the Gothenburg Cultural Festival in Sweden, they noticed a fellow sitting nearby toss what they say was a bag of weed. As they were moving in for the bust, a seagull snatched the bag and flew away. While the police were distracted by […]
On the one hand, nostalgia is “a corruption of the historical impulse,” according to William Gibson. On the other hand, “Super Mario Bros.” will never not be cool. Luckily, there’s a way to satisfy that retro gaming while still keeping an eye on the future: The GameShell Kit. This thing is simultaneously the last handheld […]
The field of data analytics can get intimidating, even for business professionals who constantly rely on it. But at its heart, its purpose is to simplify. To take mounds of information and distill their insights into a single clear picture. Currently, the go-to software for painting that picture is Tableau. And if you want to […]
If you’re in the market for a stable, durable camera fully suited for first-person video, there’s a good chance that you’re the adventurous type. So why settle on a familiar name like GoPro? The DJI Osmo Action 4K HDR Camera checks off all the same boxes on the action cam checklist as the GoPro 4K […]