Dispensaries have sold nearly $14 billion worth of marijuana products since 2014.
Annual marijuana sales in Colorado topped out at just under $1.77 billion in 2022, according to data released by the state. While that number looks enormous, it's a 21 percent drop from 2021, when Colorado dispensaries sold a record-breaking $2.23 billion.
Colorado marijuana prices and sales figures began sliding in 2021, but the industry hit a full-blown recession in 2022 and has yet to climb out from the basement. The average price per pound of flower from 2021 to 2022, hitting a record low, while medical marijuana sales also saw record lows. The drop in sales led to a decline in marijuana tax revenue, too, with state collections dropping from $423.5 million in 2021 to $325.1 million last year.
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