This month, the Colorado Department of Revenue released the marijuana sales report for the month of September. As the Denver Post reported, this is the first time that pot sales decreased in the state, and the decrease was seen in both recreational and medical sales.
Mike Elliot, executive director of The Marijuana Industry Group told the Denver Post that this decrease in sales may be because the months between summer and winter in Colorado usually attract fewer tourists. People from all over the world travel to Colorado during the summer months to trek through some of the best hiking trails the nation has to offer. During the pristine winter months, travelers return to Colorado to experience the thrills of the slopes. The months in between see a decrease in tourist attention, so that may have something to do with the drop in sales. Elliot also mentioned that because the tourism upswing is just beginning, there may not be another noticeable increase until the November numbers are released.
Numbers released by the Colorado Department of Revenue show that recreational dispensaries sold $31,626,965 in September. Reported sales in August were $34,125,200, so recreational marijuana sales dropped by almost $2.5 million in one month. Sales had increased every month this year, so far. The increase from July to August was just over $4.8 million.
This drop in sales may mean a decline in business for dispensaries, but tax revenue collection is still booming. Reportedly, the state of Colorado has collected over $52.4 million this year once all taxes, licenses and fees for all marijuana sales are totaled.
photo credit: popularresistence