skip to Main Content
September Marijuana Sales Slump Slightly in Colorado

After four consecutive months of growth, medical and recreational cannabis sales in Colorado saw a downturn in September, according to new data released by the state’s Department of Revenue this week.

But is the dip in monthly marijuana sales the result of fewer purchases during an off-season month, or was the system thrown out of whack because of the Sept. 16 pot tax holiday that alleviated some of the sales and excise taxes normally tacked onto cannabis purchases in the state?

It was likely a little bit of both, says State Sen. Pat Steadman, D-Denver.

“Sales volumes do increase a lot in the summer months, so some of what you could be seeing is back to school, people getting on with their lives and finally leaving the summer break behind,” said Steadman. “And some of that could also be the divot from the sales tax holiday.” [Read more at The Cannabist at the Denver Post]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published.

Recent Stories

Email Marketing Design Trends Help Cannabis Brands Stand out in Inboxes

Email marketing is one of a few marketing channels that are wide open for cannabis brands to generate leads and connect with consumers (both B2C and B2B) across the entire customer journey. However, people’s inboxes are cluttered these days, and email service providers (ESPs) – like Gmail, Outlook, Apple Mail, and others – use extensive…

Antitrust Litigation is Coming to Cannabis

By: Lisl Dunlop, Barbara Samaniego, and Sam Sherman As more states and even the federal government move towards legalization, the cannabis industry continues to grow. As with other industries, increasing size and consolidation brings heightened scrutiny under the antitrust laws. While cannabis is no stranger to antitrust — in 2019, there were nine “second request”…

Delta-8 Is Legal, But …

by Fred Rocafort, Attorney at Harris Bricken Just last week, the U.S. Court of Appeals for the Ninth Circuit affirmed a lower court’s holding that the 2018 Farm Bill legalized delta-8 THC products derived from hemp. In the Ninth Circuit’s view, “the plain and unambiguous text of the Farm [Bill] compels the conclusion that the…

European Cannabis Industry ‘Potentially An Even Bigger Opportunity’ Than The US, And Investors Should ‘Wake Up To The Opportunities In Their Own Backyard’

by Ben Stevens NORTH American investment in the European cannabis industry has grown at pace over the last few years, with hundreds of millions in capital flooding into the region from across the Atlantic. As patient numbers rise and it transitions ‘towards a fully legal, regulated market worth billions of euros’, Europe sits on the…

More Categories

Back To Top
×Close search
Search