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Home 🌿 Marijuana Business News 🌿 Do Co Marijuana Revenue Declines Prove Pot Tourists Drove Summer Record? 🌿Do Co Marijuana Revenue Declines Prove Pot Tourists Drove Summer Record?
The headline of our post reporting that Colorado marijuana sales topped $100 million in August asked the question, "How long will they keep climbing higher?"
We now have the answer to that question.
Sales dropped from that peak in September, and again in October, the most recent month for which figures are available.
Colorado Department of Revenue data showed $59.2 million in recreational sales and $41.4 from medical marijuana sales during August. But in September, those totals reportedly dipped to $56.4 million and $38.2 million respectively, with the October totals coming in at $49.1 million and $31.3 million.
The reasons for this slippage are under debate. However, a Colorado Tourism Office survey showing that nearly 50 percent of tourists to the state over the summer were at least somewhat influenced to come here by the presence of legal weed suggests that the huge revenues generated between April and August may have been...
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