Colorado marijuana industry coming down from buzzPosted by On

Colorado marijuana industry coming down from buzz

Colorado’s marijuana industry is coming down from a big high. Denver News 9 reports marijuana sales have declined over the past year, marking the largest downtown the state has seen in the past decade. After seeing a major spike during pandemic lockdowns, the Marijuana Industry Group says medical marijuana sales are down by nearly 50%, and recreational pot sales are down 20%. The drops equate to a $100 million loss in tax revenue that could lead to cuts in programs that depend on that funding. Wholesale pot prices have also been slashed in half to $658 per pound–that’s the lowest price since legalization. Read more at

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