Aspen marijuana sales top liquor sales for first time
ASPEN, Colo. (AP) — Recent figures say sales at Aspen’s marijuana dispensaries last year topped liquor stores in revenue.
The Aspen Times reports the city’s Finance Department in its year-end sales tax report for 2017 says legal-pot sellers hauled in $11.3 million in revenue last year compared with $10.5 million for liquor stores, marking the first time marijuana sales outpaced alcohol for the year in Aspen.
The report says cannabis revenue last year also marked a 16 percent improvement over 2016, which produced $9.7 million in sales. The marijuana industry also enjoyed the biggest rate of growth last year among the city’s 12 retail sectors.
The report shows Aspen’s retailers combined to generate $730.4 million in revenue, 2 percent better than 2016.
Information from: The Aspen Times, http://www.aspentimes.com/