Colorado’s cannabis sales continue to slump in 2023, with transactions in every month bringing in less than the same month last year.
The state’s Department of Revenue reported $128 million in adult-use and medical marijuana sales in September, a decrease of more than $20 million the same month in 2022, according to the Denver Gazette news outlet.
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Total marijuana sales in Colorado reached $146.9 million in September 2022.
The top month for combined sales this year was March, when $136.2 million in transactions was recorded, the Gazette reported.
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Because of cannabis oversupply and low prices, Colorado sales were projected to be lower this year than they were in 2022.
Since Colorado launched its adult-use market in 2014, total recreational and medical marijuana sales have exceeded the $15 billion.
Read full article on Marijuana Business Daily