Colorado’s marijuana industry dubbed weed sales for this year’s 4/20 “the worst” in five years.
April’s marijuana sales – medical and retail combined – stood at close to $132 million, which counts as the lowest number in five years, according to theThis year, total medical marijuana sales looked especially dismal in April at almost $17 million. That’s the lowest amount ever recorded for that month since sales first started in January 2014.
“Colorado cannabis small business owners count on the weeks leading up to the 4/20 holiday to be some of the strongest sales of the year,” said Truman Bradley, executive director of the Marijuana Industry Group.In Denver, the number of medical marijuana store licenses has fallen 27% over the past five years, to 144 licenses this year, according to its“As medical marijuana sales decline, some medical marijuana businesses have surrendered their licenses or let them expire,” the report said.