Colorado marijuana sales dropped by about $20 million during the first two months of the year.
According to data released by the Colorado Department of Revenue, medical and recreational cannabis dispensaries reported $209.9 million in sales during January and February.
That’s down from $229.8 million over the same period in 2024, a decline of roughly 9%.
In February, recreational marijuana sales accounted for nearly 90% of the total.
To date, retailers have sold $17.1 billion worth of marijuana since Colorado became the first state to establish a regulated adult-use market in January 2014, data shows.
Annual adult-use marijuana sales in Colorado have dropped steadily since hitting an all-time peak of $2.2 billion in 2021.
Last year’s annual sales total of $1.4 billion was the lowest since 2016.
And the state lost four medical marijuana dispensary operators and seven adult-use retailers, bringing the totals to 201 and 462, respectively.
