Colorado marijuana sales continue 10-month slide

Women, minority execs show few gains in U.S. cannabis industry, according to the latest data from the MJBiz Diversity, Inclusion and Equity Report. Get your copy here.


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.

The learning curve for entering the cannabis industry is steep. Start with the fundamentals.

MJBiz Cannabis 101 Email Course

A 10-part email course designed to educate new hires and aspiring professionals on the key fundamental areas of the legal cannabis industry, including:

  • History of legal cannabis in America
  • Overview of plant-touching + ancillary business sectors
  • Cannabis finance and investing
  • Cannabis marketing and brand building
  • Employment + hiring opportunities
  • And much more!

Gain a comprehensive understanding of this complex industry with this free resource.

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.