Colorado July cannabis sales second highest of 2024 | How to order Skittles Moonrock online

Marijuana sales in Colorado, while still in a slight slump, rebounded in July to reach the second highest monthly total of the calendar year. With $122.5 millionThe peak for March was $126.6 million.

According to state Department of Revenue records, the cannabis market in the state remains depressed. July sales were lower than any other month for that period since 2016.

The DOR reported that the $122.5 million includes $108.9 millions in recreational sales as well as $13.6 million of medical sales.

The sales were up from $113 in June and $53 in May, which were near the bottom of Colorado’s legal marijuana market. The state’s industry reached its lowest point in November of last year when it sold only $110 million worth of legal marijuana. This was the lowest point since 2017.

The DOR reported that the total Colorado cannabis sales since the adult-use marijuana market launched in 2014 are now $16.3 billion. This includes $826 million so far in 2024.

The recent sales decline can be attributed to several factors including increased competition in neighboring states such as New Mexico and an artificial sales boost during the COVID-19 Pandemic of 2020 and 2021 when many U.S. citizens quarantined themselves at home and consumed a lot of cannabis.

In recent years, the state has also seen a contraction of its market as companies waited for the market to stabilize.

John Schroyer

John Schroyer is a journalist who has been working since 2006. He initially focused on politics and covered the 2012 Colorado campaign for marijuana legalization. He began writing about the cannabis industry in 2014 after attending the first legal cannabis sales that took place on New Year’s Day of that year, in Denver. John has covered the subsequent marijuana market launches that took place in California and Illinois. He has written about all aspects of the marijuana trade and was part the team who built the cannabis industry’s first ever trade show, MJBizCon. He joined Green Market Report as of 2022.