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Sales Growth Slowing In Colorado’s Recreational Marijuana Market

The slowdown in sales growth illustrates a gradual stabilization in the market

Recreational marijuana sales in Colorado are continuing to grow, but at a slower pace – another sign that the nation’s oldest adult-use market is reaching maturity. Despite a couple of record-setting months in 2017 – when sales eclipsed $100 million – the pace at which Colorado’s rec market’s is growing has slowed considerably. In short, the sales gains have shrunk.

For example, the chart shows that sales of recreational marijuana in February 2016 were 59% higher compared to sales in February 2015. By comparison, sales in February 2015 were 152% higher than sales in February 2014.

The slowdown in sales growth illustrates a gradual stabilization in the market amid several years of rapid expansion.

 

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