Retail sales of legal marijuana in Colorado were worth slightly more than $139 million in December 2022, bringing the state’s medical and recreational sales total for 2022 to almost $1.8 billion — a significant drop from 2021’s record high.
The December figure includes recreational marijuana sales of $122.2 million and medical marijuana sales of $16.9 million, according to figures released by the Colorado Department of Revenue.
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On a month-over-month basis, December cannabis sales increased 6.7% from November.
However, monthly sales were down 17.3% from December 2021.
Colorado’s nearly $1.8 billion in total 2022 cannabis sales represents a 20.7% decline from 2021’s record $2.2 billion sales total.
Cannabis businesses in Colorado — the most mature adult-use marijuana market in the United States — are experiencing the tail end of a decade-long boom, with wholesale prices sliding in 2022.
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Adult-use marijuana legalization
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