Colorado medical and recreational marijuana retailers generated $124.8 million in sales in February, down about 3.5% from January and 14% year-over-year.
The monthly total is the seventh decrease in the past eight months and the lowest in four years, according to data from the Colorado Department of Revenue.
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Through the first two months of the year, total marijuana sales hit $254.2 million, down 14% from the same period last year.
Colorado totaled $109.4 million in adult-use sales in February and $15.4 million in medical cannabis transactions.
In January, those totals were $113.2 million and $16.2 million, respectively.
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The latest Colorado snapshot underscores the tail end of a decadelong boom in the nation’s most mature adult-use marijuana market, which saw wholesale prices slide for much of 2022.
MJBizDaily reported in February that Colorado retailers generated nearly $1.8 billion in total 2022
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