Colorado Marijuana Industry Off to Slow Start in 2023

After a down year, Colorado marijuana sales are off to an even slower start in 2023, according to data from the state Department of Revenue.

Colorado dispensaries reported slightly under $129.4 million in sales during the first month of 2023, DOR data shows. That’s nearly 15 percent less than the $151.1 million sold in January 2022, and more than 30 percent less than the $187.6 million in January 2021.

The drop in sales has led to a decline in marijuana tax revenue, too, with state collections dropping from $423.5 million in all of 2021 to a total of $325.1 million last year. For the first two months of 2023, Colorado has reported slightly over $47.1 million in marijuana taxes and fees, which is more than 20 percent under the $58.9 million accrued in the same span last year.

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