Colorado’s medical marijuana sales sit at their grimmest point, leaving the state’s cannabis industry “on the brink,” according to representatives of the sector.
In July, the state’s marijuana sales for both recreational and medical hit almost $154 million, according to Colorado Department of Revenue figures. This calendar year, total sales have reached more than $1 billion so far.
However, July’s medical marijuana sales only reached a little more than $18 million — the lowest monthly number ever recorded since January 2014.
“There is a dangerous perception that Colorado’s cannabis industry is a cash cow,” said Tiffany Goldman, board chair of the Marijuana Industry Group. “This perception is false.”
Recreational marijuana sales fared better at more than $135…
Megan Ulu-Lani Boyanton
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