major declines

Tax revenues from the sale of cannabis in Colorado is estimated to decline by ~11% in fiscal year 2023-24 compared to the prior year as the state has seen fewer people come from surrounding states to purchase cannabis. In 2012, Colorado, along with Washington State, were the first states to legalize marijuana for recreational use. There are now 24 states plus the District of … [Read more...] about Colorado cannabis tax revenue seen declining as marijuana tourism subsides

COLORADO, USA — Colorado saw an almost $100 million decline in marijuana tax revenue last year, and an industry trade group said on Friday that the drop is resulting in struggles for small-business owners. The Marijuana Industry Group (MIG) cited sales numbers released Wednesday by the Colorado Department of Revenue showing a sharp decline in recreational and medical marijuana … [Read more...] about ‘Sales plummet’ for recreational and medical marijuana in Colorado