Colorado’s July Medical Marijuana Sales Reach New Low
- 2 years ago
Colorado’s medical marijuana sales in July were the lowest since adult-use sales began in 2014, reaching only $18.3 million in the month. Medical cannabis sales that month were down 47% compared to July 2021, The Denver Post reported.
Monthly MMJ sales in the state have varied since 2014, according to the Colorado Department of Revenue, but peaked at $43.2 million in July 2020. Since then, MMJ sales have trended downward, hitting just $19.2 million in June 2022. Adult-use retail sales in Colorado reached $135.5 million in July, up 6.6% over the months of May and June.
Recreational marijuana sales have declined 19% since July 2021, when adult-use sales reached $168 million. Total marijuana sales in Colorado reached nearly $154 million in July 2022. That was a 5.5% increase from roughly $146 million in June but down 24% from almost $203 million in sales in July 2021. In June, Denver retail chain Buddy Boy closed all seven of its stores, citing tax debts and a new law that reduced the maximum purchase amount of MMJ concentrate from 40 grams to 8 grams.
Monthly MMJ sales in the state have varied since 2014, according to the Colorado Department of Revenue, but peaked at $43.2 million in July 2020. Since then, MMJ sales have trended downward, hitting just $19.2 million in June 2022. Adult-use retail sales in Colorado reached $135.5 million in July, up 6.6% over the months of May and June.
Recreational marijuana sales have declined 19% since July 2021, when adult-use sales reached $168 million. Total marijuana sales in Colorado reached nearly $154 million in July 2022. That was a 5.5% increase from roughly $146 million in June but down 24% from almost $203 million in sales in July 2021. In June, Denver retail chain Buddy Boy closed all seven of its stores, citing tax debts and a new law that reduced the maximum purchase amount of MMJ concentrate from 40 grams to 8 grams.