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Business / Colorado Department of Revenue / Featured News / marijuana business / marijuana sales / medical marijuana / retail / taxes

Colorado’s medical marijuana sales hit lowest point since legalization

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Colorado’s medical marijuana sales fell to their lowest point since retail sales began — the latest signal that the state’s once-robust industry is facing headwinds as others crowd the U.S. market and new regulations take hold.
In July, the state’s marijuana sales for both recreational and medical were shy of  $154 million, according to Colorado Department of Revenue figures, down from nearly $203 million a year earlier. Sales for the calendar year have passed the $1 billion mark.
July’s medical marijuana sales reached a little more than $18 million – the lowest monthly number since January 2014, when retail sales were legalized in the state. Recreational marijuana sales fared better at more than $135 million – down from $168 million a year earlier, but higher than the numbers in April, May and June.
Read the rest of this story on DenverPost.com.

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