Colorado marijuana sales continue 10-month slide

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Numbers from the Colorado revenue department show recreational and medical marijuana sales continuing a downward trend compared to this time last year.

In March, Colorado marijuana stores and dispensaries sold $162.5 million worth of cannabis.

That total was slightly up from $145.3 million in sales from the shorter month of February but 22% lower than March 2021’s $207.1 million, according to Denver alt-weekly Westword.

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March 2022 is the 10th month in a row that Colorado posted a lower sales total year-over-year.

While sales often dip between the end-of-year holidays and 4/20, the unofficial marijuana holiday, the overall trend suggests that buyers increased their spending on cannabis during the COVID-19 lockdowns when they had more disposable income stemming from federal stimulus checks and not being able to spend on entertainment such as restaurants and travel.