4

COVID-19 Can't Stop Record-Breaking Weed Sales

COVID-19 Can't Stop Record-Breaking Weed SalesEXPAND
Jacqueline Collins
^
Keep Westword Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Denver and help keep the future of Westword free.

As liquor stores see significant bumps in sales while we stay close to home during the COVID-19 pandemic, Colorado's marijuana industry is tallying the most financially successful months since recreational pot was legalized.

According to the state Department of Revenue, Colorado dispensaries sold just under $199 million worth of marijuana products in June, the highest monthly total since 2014. The previous record was set the month before, with dispensaries ringing up $192.2 million in sales in May.

Initial state projections had marijuana revenue falling this summer, citing less tourism and falling wages because of the COVID-19 pandemic. After a bumpy March and April that brought regulatory changes and statewide stay-at-home orders, though, marijuana sales began rebounding, combining to bring in over $390 million in May and June. That's about 25 percent higher than the total sales for the same two-month period in 2019.

Recreational weed sales are definitely on the rise this summer, according to DOR data, hitting $158.1 million in June, which more than offset the small decrease in medical marijuana sales, which dropped from $42.9 million in May to around $40.8 million in June.

Denver dispensaries accounted for more than $66.1 million in sales in June, according to the DOR, while Arapahoe County pot shops tallied over $16.5 million in transactions and Adams County stores accounted for $14.6 million.

Several Denver dispensaries have announced unusually profitable summers so far. The Dab, a west Denver dispensary, recently reported a 30 percent rise in sales over last year. Green Dragon, one of the state's largest dispensary chains, has reported an increase in sales across its fifteen Colorado locations, including stores in mountain towns like Telluride and Breckenridge.

COVID-19 Can't Stop Record-Breaking Weed SalesEXPAND
Colorado Department of Revenue

Keep Westword Free... Since we started Westword, it has been defined as the free, independent voice of Denver, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Denver with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.

 

Join the Westword community and help support independent local journalism in Denver.

 

Join the Westword community and help support independent local journalism in Denver.