Medical and retail marijuana sales fell in August for the second consecutive 12 months, whereas the state’s tax and payment income additionally declined, according to the Colorado Department of Revenue’s September report.
Prior to final 12 months, marijuana sales all through the month of August had repeatedly elevated from the earlier month since 2014, in response to the report.
Throughout the month of August, $192 million value marijuana was offered throughout the Centennial State, which is a lower of over $9.9 million or practically 5% from July. Likewise, this August’s general sales had been practically 12% decrease than in 2020, in response to the report.
Of August’s $192,866,097 whole in retail sales, about 37% occurred in Adams, Arapahoe and Denver counties. Denver alone reported over $41 million in leisure marijuana sales, in response to the report.
Despite the drop in sales in August, the state has reported greater than $1.5 billion in whole marijuana sales, which is 8% increased than 2020 and 33% increased than 2019, in response to the report.
In conjunction with the decline of whole marijuana sales, the state’s tax and costs in regard to marijuana additionally fell from $38.5 million in August to $36.8 in September. [Read more at Colorado Politics]