Colorado Marijuana Industry on Pace for Another Annual Dip in 2023 July 17, 2023 AggregatedNews Colorado 1 Comment Colorado dispensaries will collect less money in 2023 than they did last year, according to sales projections based on state Department of Revenue data. Through the first five months of 2023, Colorado saw just over $651 million in marijuana sales,… Read More→
Marijuana Businesses Need to Pay Their Bills, MED Warns March 10, 2023 AggregatedNews Colorado 0 Comments On March 9, the state Marijuana Enforcement Division announced that total marijuana sales had cleared the $14 billion mark in February, nine years and two months after Colorado became the first state in the country to allow recreational pot sales. In a separate… Read More→
‘Sales plummet’ for recreational and medical marijuana in Colorado January 15, 2023 AggregatedNews Colorado 0 Comments Colorado saw an almost $100 million decline in marijuana tax revenue last year, and an industry trade group said on Friday that the drop is resulting in struggles for small-business owners. The Marijuana Industry Group (MIG) cited sales numbers released Wednesday by… Read More→
Colorado medical marijuana sales spiral down as industry suffers September 27, 2022 AggregatedNews Colorado 0 Comments Julie Richardson moved to Colorado from Louisiana in 2015, specifically to get the quality of cannabis-derived medicines obtainable here — but which were unavailable or too expensive back home. Now, Richardson, who suffered a spinal injury when she was 6 months… Read More→
Marijuana sales in Colorado off by $72M over pandemic high September 14, 2022 AggregatedNews Colorado 0 Comments The waning of the pandemic, along with a decline in demand from customers coming in from out of state, has continued to burn into Colorado’s marijuana market this summer, during what are generally some of the strongest months for pot… Read More→
‘There’s a real attack on the industry’: Medical marijuana sales continue to drop in Colorado September 5, 2022 AggregatedNews Colorado 0 Comments Colorado’s Department of Revenue says medical marijuana sales are continuing to drop. Experts are worried about people with health conditions having access to the treatment they need. They say patients are paying more in taxes for similar products at recreational… Read More→
Colorado marijuana sales decline to $146M in June August 11, 2022 AggregatedNews Colorado 0 Comments Marijuana sales in Colorado continued to decline in June and totaled just $146 million, according to the Colorado Department of Revenue. The total represents a less than 1 percent decline from May and a nearly 22 percent decline from June 2021. So far… Read More→
Colorado regulators won’t sanction job-seekers with out-of-state marijuana convictions, Polis orders July 15, 2022 AggregatedNews Colorado 0 Comments Gov. Jared Polis on Thursday vowed by executive order that Colorado will not hold out-of-state convictions for most marijuana-related offenses against people applying for professional licenses here. The Boulder Democrat wrote in his order, “There is a workforce shortage in Colorado. Employers… Read More→
Colorado marijuana sales dip to $153M in April June 14, 2022 AggregatedNews Colorado 0 Comments Marijuana sales in Colorado dipped to $153 million in April, according to the latest market data from the Colorado Department of Revenue (CDOR). Overall, more than $131 million in recreational marijuana was sold in the state compared to $21.3 million in medicinal… Read More→
Retail marijuana sales declining in Colorado April 14, 2022 AggregatedNews Colorado 2 Comments Colorado’s marijuana industry says it is seeing a “troubling trend” as retail sales decline for the second month in a row and medical cannabis sales dip to their lowest level on record. The Colorado Department of Revenue keeps a monthly… Read More→
Colorado’s cannabis industry makes modest gains in minority ownership January 25, 2022 AggregatedNews Colorado 0 Comments Almost 17% of regulated marijuana business owners in Colorado identify as minorities, according to new data by the Colorado Marijuana Enforcement Division, but one Black entrepreneur contests that there’s much more work to be done. “Cannabis ownership in Colorado is… Read More→
Colorado Marijuana Tax Revenue Breaks Annual Record December 14, 2021 AggregatedNews Colorado 0 Comments Colorado's annual marijuana tax revenue haul has already reached a new high for the seventh straight year, according to the latest data from the state Department of Revenue. The DOR's latest monthly report on marijuana tax revenue shows that November's $32.5… Read More→
Medical marijuana laws in Colorado will be more strict starting Jan. 1. Here’s how. November 12, 2021 AggregatedNews Colorado 0 Comments Colorado will impose stricter rules for the purchase of medical marijuana starting Jan. 1 following several months of deliberation over how to execute a new state law meant largely to limit young people’s access to and abuse of high-potency THC… Read More→
Marijuana sales drop in Colorado after huge surge in July October 14, 2021 AggregatedNews Colorado 0 Comments Medical and retail marijuana sales fell in August for the second consecutive year, while the state's tax and fee revenue also declined, according to the Colorado Department of Revenue's September report. Prior to last year, marijuana sales throughout the month of… Read More→
Colorado sold $202M of marijuana in July but sales continue to slow September 14, 2021 AggregatedNews Colorado 0 Comments Colorado registered more than $202 million in marijuana sales in July, the state Department of Revenue (DOR) said on Friday. The total represents a month-over-month sales increase of 8%, with the largest increase coming from the recreational side. Colorado sold… Read More→