The One Change That Caused Recreational Cannabis Sales To Explode In Colorado

Recreational cannabis sales in Colorado ballooned by 88 percent over the past fiscal year, according to a new chart released by the Marijuana Business Daily. According to data from Colorado's state revenue department, sales hit nearly $600-million in 2015.

Wholesale cannabis sales also soared to 163 percent in 2015, hitting $234 million compared with just $89 million in 2014. As MBD columnist Becky Olson points out, the spike didn't come as a total surprise: in October 2014, the state lifted the requirement for retail stores to cultivate 70 percent of their own cannabis, limiting the potential growth of the recreational wholesale market; increased sales were a natural result.

In fact, the bump in sales was almost more than some dispensaries could handle.

While these unique circumstances mean future year-over-year growth likely won't be quite as impressive, the numbers still illustrate the high demand and tight competition in Colorado's recreational market. See the MBD's full analysis here - or check out the chart below.

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The "Better Now" singer will release the first products from his new cannabis brand in the coming weeks. Post Malone first teased the arrival of his new Shaboink line of cannabis products back in May, and now it looks like Post is finally ready to bring launch the new brand with the help of premium cannabis brand Sherbinskis. For the launch Post Malone worked with Sherbinskis' founder Mario Guzman to develop the 'Posty OG' terpene profile that will be featured in Shaboink's non-intoxicating hemp pre-rolls.

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