Colorado’s Cannabis Sales Figures Paint Dismal Picture Of A Pioneering Industry, Here’s What Went Wrong
After slightly rebounding in March, Colorado cannabis sales saw a 5% month-over-month decrease in marijuana products purchased dropping to $120.1 million in sales in April. That’s the worst April sales performance since 2016, data by the state Department of Revenue suggest.
The total April sum includes $105.5 million in recreational cannabis sales and $14.6 million in medical sales. Year-to-date, Coloradans bought $476.5 million worth of cannabis products bringing to a total of $15.9 billion in sales since the market launch in January 2014.
Green Market Report’s John Schroyer noted that based on tax revenues of $22 million garnered last month, a decrease compared to $23 million in April, May sales figures might follow suit.
Once a front-runner in the U.S. for recreational marijuana sales, the pioneering industry and market have been experiencing a downturn for …