Combined Medical And Adult-Use Cannabis Sales In Colorado Reach $115.4M In January
January cannabis sales in Colorado came in flat compared to December, according to data released by the Colorado Department of Revenue. Combined medical and adult-use marijuana sales earned $115.4 million in January, which compares to $115.8 million in December.
Out of the $115.4 million total, medical marijuana sales accounted for $15.28 million, while recreational sales yielded $100.11 million.
Sales remained in line month-over-month, on a year-over-year basis, figures declined 10.8% from $129.4 million in January 2023.
In 2023, the state’s cannabis sales barely surpassed the $1.5 billion mark, a decrease from $1.7 billion in 2022 and a significant drop from the peak of over $2 billion annually in 2020 and 2021. 2023 was the year the industry saw the lowest sales since 2017.
After …