Medical and retail marijuana sales fell in May for the second consecutive month, while the state's tax and fee revenue also declined, according to the Colorado Department of Revenue's June report

During the month of May, $194 million worth of marijuana was sold throughout Colorado, which is a decrease of over $12.3 million or nearly 6% decrease from April. However, May's overall sales were $1.82 million higher than in 2020, according to the report. 

Recreation sales accounted for $157.2 million sales, or more than 80% of all sales, while medical sales accounted for $36.7 million.

Of May's $194,003,437 total in retails sales, nearly 40% occurred in Adams, Arapahoe and Denver counties. Denver alone reported over $44 million in recreational marijuana sales, according to the report.

Since the start of 2021, the state has reported more than $962 million in total marijuana sales, which is 23% higher than 2020 and 44% higher than 2019, according to the report.

In conjunction with the decline of total marijuana sales, the state's tax and fees in regard to marijuana also fell from $37.66 million in May to $36.3 in June.

Since recreational marijuana became legal in Colorado in 2014, tax revenue has only declined three times -- including this year -- from May to June. However, between June and July, the tax and fee revenues has only dropped twice, according to the report.

Load comments