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Cheaper Cannabis Leads To Falling Revenue In Colorado Marijuana Sales

This past May was the second straight month of declining sales

Total revenue collected from legal cannabis sales in Colorado fell again in May, according to Colorado Department of Revenue data. Legal pot sales accounted for about $122.9 million in May, DOR records show, slipping over $1.4 million from April’s total and dipping slightly below sales in May 2017.

This past May was the second straight month of declining sales, after Colorado saw the highest recreational sales numbers ever in March, nearly $106 million. That record-breaking retail total fell to $96.9 million in May, however, with medical sales bringing in $26.2 million. That’s the lowest number for medical sales since the DOR began tracking them in 2014.

 

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