Colorado Cannabis Sales Coming Back Down to Earth After Stay-at-Home Boom
Directly after the stay-at-home order, and in the uncertainly around whether or not cannabis retail shops would be deemed essential and allowed to stay open, cannabis sales exploded. Now that it has been decided that access to recreational cannabis for adults is essential in Colorado, those sales have slowed and the ‘green rush’ to get through isolation appears to be over (or at least normalized and slowed significantly).
According to Colorado.gov’s marijuana tax data, Colorado collected $50 million in tax during the first 2 months of 2020, and $1,261,037,812 from the start of legalization until Feb. 2020. It is still to be seen how the pandemic affects revenue from cannabis sales, but we can expect a jump during the next reporting period.