Colorado Dispensaries Miss Out on Summer Sales Bump

Colorado marijuana sales saw a slight bump from June to July, according to the state Department of Revenue, but continued falling on a year-over-year basis.

The latest DOR numbers show that July saw a slight increase in marijuana sales to $153.9 million, which is higher than the $146.4million sold in June but still lower than July last year.

Recreational pot sales accounted for over $135.5 million in July, which made it the second-highest month so far in 2022, according to DOR data. However, medical marijuana sales hit $18.3 million, the lowest monthly total since Colorado began tracking sales numbers in 2014.

Monthly sales at dispensaries exceeded $175million eight times in 2020, and nine times in 2021. DOR data shows that July is one of the most popular months for Colorado dispensaries. However, it is possible that pot shops will not reach that level in any month in 2022, as July is often one of the top three selling months in Colorado.

This year’s total marijuana sales figure through July — just over $1 billion — indicates that the state could come up about 20 percent short of the near-$2.3 billion sold in 2021, according to DOR numbers, with decreasing wholesale prices and less consumer spending cited as the most common problems faced by marijuana businesses.

The average wholesale price per pound of marijuana flower dropped nearly 59 percent from January 2021 through the end of June 2022, according to the DOR, although growers and dispensary owners say the fall has been sharper than those numbers suggest.

Multiple dispensary closings and takeovers have been caused by declining sales.

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Colorado Department of Revenue

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