Retail marijuana shops sold $22 million worth of cannabis and related products during April, an increase of about 13% from March and more than 50% from January, according to the latest tax figures released by the state.

The sales uptick is tied in part to the April 20 cannabis holiday, which led to an influx of tourists in town for events like the High Times Cannabis Cup and the annual 4/20 rally in downtown Denver.

During the first four months of the year, recreational stores have posted revenues of roughly $70 million. At that pace, sales will top $200 million for the year. Medical marijuana dispensaries have recorded $133 million in sales through April and are on track to hit nearly $400 million.

Article Link: http://mmjbusinessdaily.com/strong-april-sales-boost-co-tax-figures/