Colorado Marijuana Sales in February Slowest in a Year | Westword

February Pot Sales Figures the Lowest in a Year

It was the lowest-earning month for medical sales since 2014, when the Colorado Department of Revenue began collecting the data.
Kate McKee Simmons
Share this:
February was the Colorado cannabis industry's lowest-selling month in a year, according to the Colorado Department of Revenue, but that wasn't surprising, given overall trends since recreational marijuana was legalized. Medical marijuana sales figures, however, might be more significant.

click to enlarge
Colorado Department of Revenue
Overall sales for the cannabis industry were $112.5 million in February, down $5.48 million from the month before but nearly $6 million higher than February 2017. And if past performance is any indication, sales figures should rebound in March.

According to the DOR, Colorado cannabis sales have dropped from January to February every year since 2014, when retail sales began, then shot back up in March. January and March both have three more days than February (except during leap years). While that might not seem like a big difference, it's a 10 percent increase in sales opportunities, but pot revenue dropped less than 5 percent between January and February.

Retail sales totaled $85.9 million in February 2018, while medical sales were just $26.6 million — the lowest figure since the DOR began tracking medical sales figures in 2014.

Can you help us continue to share our stories? Since the beginning, Westword has been defined as the free, independent voice of Denver — and we'd like to keep it that way. Our members allow us to continue offering readers access to our incisive coverage of local news, food, and culture with no paywalls.