Colorado’s regulated cannabis industry suffered its “worst 4/20 in five years,” according to the Marijuana Industry Group, citing a roughly 14% decline in April marijuana sales from the same month last year.
“Marijuana sales in the month of April haven’t been this low since 2018,” the Denver-based trade group noted in a news release.
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Monthly figures released by the Colorado Department of Revenue show nearly $131.6 million in total marijuana sales for April. That’s down from $153 million in sales in April 2022.
Neither the Department of Revenue nor the Marijuana Industry Group (MIG) offered a breakdown on 4/20 sales in Colorado.
The April sales total includes approximately $114.8 million in recreational marijuana sales (down 12.8% year-over-year) and $16.7 million in medical cannabis sales (down 21.6% year-over-year).
The annual sales decline in April follows a disappointing 2022 for legal recreational and medical marijuana retailers in
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