Colorado’s marijuana market plunge just hit another milestone, according to data released by the state Department of Revenue, with dispensary sales falling for the twelfth month in a row.
According to the DOR’s latest monthly sales figures, Colorado dispensaries sold about $147.8 million in May, a 4.5 percent drop from April and a 24 percent decline from May of last year, when dispensaries sold over $194 million.
Through the first five months of the year, dispensaries are on pace to sell just over $1.8 billion in 2022, the lowest total for the first five months of the calendar year since 2019. Both medical and recreational marijuana sales have continued falling in 2022, DOR data shows, but medical marijuana sales have fallen particularly hard, collecting the lowest total through the first five months of the year since the department began tracking sales figures in 2014.
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