Singlepoint Inc (SING)

[Cognition]

Important Stats After Legalization of Marijuana Turns 1 (in Colorado)

1. Colorado's annual demand for marijuana is 130.3 metric tons, which is equal to 36.8 million "eighths" of cannabis flower.

2. 23% of Colorado's user population consumes cannabis almost every day.

3. 90% of recreational pot sales are attributed to out-of-state tourists at shops in mountain resort communities.

4. Seven percent of Colorado's annual pot demand is purchased by out-of-state tourists.

5. Recreational marijuana sales, as counted from January to October topped out at $246,810,599.03

6. Colorado reported total medical marijuana sales from January to October of $326,716,273.59.

7. Colorado has brought in $60.1 million via taxes, licenses and fees on recreational and medical marijuana, from January to October.


#6 is crazy! This is one state! SING just needs to capture a small piece of this in each state where it's legal medicinally and/or recreationally and they'll have huge profits IMO. This is just getting started! GLTA