Business

Marijuana Sales Continued Falling in September

After a huge close to 2020, marijuana sales are starting to fall back to Earth.
After a huge close to 2020, marijuana sales are starting to fall back to Earth. Westword
Colorado marijuana sales continued falling in September,  according to the state Department of Revenue, when recreational and medical marijuana sales combined totaled a little over $181.1 million.

September sales were about 6 percent under August's sales, according to the department, and more than 13 percent lower than the $206.5 collected in September 2020. Recreational marijuana sales accounted for nearly $150.8 million this September, while medical marijuana brought in $30.3 million, the lowest total for medical marijuana sales in eighteen months.

Marijuana sales fell on a yearly basis over the summer for the first time in seven years, and that dip continued into September, according to DOR data. Cannabis business owners believe that self-isolation, government stimulus payments and temporary unemployment benefits during the start of the COVID-19 pandemic provided an uncommon bump to marijuana sales; the figures for the latter half of 2021 could mark a return to earth.

The Governor’s Office of State Planning and Budgeting had predicted slower sales ahead in its most recent quarterly economic forecast, pointing to declining in-home pot consumption as Coloradans left their houses.


The $1.7 billion in marijuana products sold from the start of the year through September still put 2021 on track to beat last year's numbers, but the current pace of sales could make the year-to-year totals close.

Through September, Colorado dispensaries have registered over $11.7 billion in sales since the start of 2014, the year recreational sales began, according to DOR data. During that same span, the State of Colorado has collected north of $1.95 billion in marijuana tax revenue, with over $500 million of that going toward public school programs and construction.

click to enlarge COLORADO MARIJUANA ENFORCEMENT DIVISION
Colorado Marijuana Enforcement Division
KEEP WESTWORD FREE... Since we started Westword, it has been defined as the free, independent voice of Denver, and we'd like to keep it that way. With local media under siege, it's more important than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" program, allowing us to keep offering readers access to our incisive coverage of local news, food and culture with no paywalls.
Thomas Mitchell has written about all things cannabis for Westword since 2014, covering sports, real estate and general news along the way for publications such as the Arizona Republic, Inman and Fox Sports. He's currently the cannabis editor for westword.com.
Contact: Thomas Mitchell