Colorado’s marijuana sales decline continues

MJBizCon 2023 tickets are now on sale! Discover the business solutions to elevate your cannabis retail game. Buy your ticket today.


Colorado marijuana sales have been on a sharp decline over the past year, and April marked the 11th month in a row for the downward trend.

According to a report from the Colorado Department of Revenue, marijuana sales have declined to $153 million in April 2022, a 5% dip from March and 25% lower than April 2021.

Recreational sales totaled $131 million and medical marijuana $21.3 million, the department noted.

The latest market data showed $611 million in cannabis sales for the first quarter of 2022, a 20% drop compared to the first quarter of 2021 but a 4% increase compared to the same quarter in 2020.

Stay informed with MJBiz Newsletters

MJBiz’s family of newsletters gives cannabis professionals an edge in this rapidly changing industry.

Featured newsletters:
  • MJBizDaily: Business news for cannabis leaders in your inbox each morning
  • MJBiz Cultivator: Insights for wholesale cannabis growers & vertically integrated businesses
  • MJBizCon Buzz: Behind-the-scenes buzz on everything MJBizCon
  • MJBiz Retail + Brand: New products, trends and news for cannabis retailers, distributors and marketers
  • Hemp Industry Week: Roundup of news from hemp farming to CBD product manufacturing
  • And more!

 

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

Declining sales and more stringent purchase limits contributed to the recent closure of all seven retail stores in the Denver-based Buddy Boy chain.