Colorado’s Marijuana Market Just Hit This Huge Milestone [The Motley Fool]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: The Motley Fool
Sales of marijuana in Colorado continue to climb, and that's good news for new marijuana markets, including California and Canada. Marijuana has been legally available in Colorado for recreational use since 2014, and consumers' appetite for marijuana products continues to grow due to the launch of new products, including concentrates and edibles. During the first six months of 2018, cannabis concentrate unit sales skyrocketed 94.6%, and edibles unit sales jumped 13.8% year over year. As a result, Colorado's annual marijuana sales surpassed $1 billion in August -- the earliest it has ever achieved that milestone. If Colorado's cannabis market is any indication, the future is bright for companies participating in markets, including California and Canada, that legalized marijuana for adult use this year. IMAGE SOURCE: GETTY IMAGES. The numbers that matter There's been some debate over how much money would move from the black market to regulated markets following legal
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