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Colorado reports 2022 marijuana sales down more than 20% from 2021

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Retail sales of legal marijuana in Colorado were worth slightly more than $139 million in December 2022, bringing the state’s medical and recreational sales total for 2022 to almost $1.8 billion — a significant drop from 2021’s record high.

The December figure includes recreational marijuana sales of $122.2 million and medical marijuana sales of $16.9 million, according to figures released by the Colorado Department of Revenue.

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On a month-over-month basis, December cannabis sales increased 6.7% from November.

However, monthly sales were down 17.3% from December 2021.

Colorado’s nearly $1.8 billion in total 2022 cannabis sales represents a 20.7% decline from 2021’s record $2.2 billion sales total.

Cannabis businesses in Colorado — the most mature adult-use marijuana market in the United States — are experiencing the tail end of a decade-long boom, with wholesale prices sliding in 2022.

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New York City marijuana social equity operators sue over proximity exemptions

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Four New York City marijuana retailers with social equity licenses are suing state regulators, claiming that recently issued exceptions to a law imposing a 1,000-foot barrier between stores is “undermining” their businesses.

It’s the latest legal challenge against the state Office of Cannabis Management (OCM), which is overseeing a $1 billion industry that’s still recovering from a botched start marred by long bureaucratic delays, a rampaging illicit market and multiple lawsuits.

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The latest lawsuit, filed Thursday in state court in Manhattan, accuses the OCM and the New York Cannabis Control Board (CCB) of “secretly” offering new license applicants exceptions to the state law requiring stores to be 1,000 feet from one another in cities with a population of 20,000 or more.

The four

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Cannabis industry relief efforts underway as wildfires rage across Los Angeles area

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Los Angeles-area cannabis operators are prioritizing the safety and security of their employees and relief efforts amid historic wildfires raging across the region that have killed at least ten people, displaced countless others and decimated thousands of homes and businesses.

While it’s far too early to assess potential damages in one of the world’s largest regulated marijuana markets, a handful of retailers in Malibu and around Altadena are in or near evacuation areas, according to maps published by the California Department of Forestry and Fire Protection and cross-referenced with store locations.

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A Rise outlet in Pasadena operated by Green Thumb Industries is among the closures, according to an automated message at the business.

The Chicago-based multistate operator did not immediately respond to an

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Colorado shut out of marijuana rescheduling hearings by ‘biased’ DEA, filing alleges

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The U.S. Drug Enforcement Administration rejected a September request from Colorado officials to participate in the United States’ historic marijuana rescheduling process.

That’s one example of the “bias” that should disqualify the agency from overseeing the hearings, according to claims made in a filing submitted Monday to the DEA’s chief administrative law judge, John Mulrooney II.

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The decision to exclude Colorado, where sales of adult-use marijuana began more than a decade ago, but include authorities from states without regulated cannabis such as Nebraska and Tennessee demonstrates why the agency should be removed from the proceedings, the filing claims.

Monday’s filing is the latest effort by designated participants Village Farms International and Hemp for Victory to disqualify the DEA, which has “obstructed the rulemaking process

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