Local First Resources
2018 Economic Impact of Cannabis Report
Between January 2014 – when recreational marijuana stores first opened in Colorado – and December 2017, sales for medical and recreational marijuana in Colorado topped $4.49 billion, with sales tax revenues of just under $640 million. This report outlines the results of a 2017 study on the economic impact of the cannabis industry in La Plata County, CO.
The study finds that $27.7 million in legal marijuana sales in La Plata County generated $36.9 million in economic output, supported an estimated 351 jobs resulting in $14.8 million in labor income in 2016 (these data are not yet available for 2017).