Mixed grownup use and medical hashish gross sales in Colorado had been $124 million in February, a decline of 14.2% from the identical month in 2022, in accordance with state Division of Income information outlined by KDVR. In all, adult-use hashish gross sales in Colorado have declined 12.7% year-over-year, whereas medical hashish gross sales have fallen 23.7% year-over-year, in accordance with state information.
Hashish gross sales tax collections within the state had been down 19% final month in comparison with March 2023, in accordance with the income division. The state additionally noticed the lack of 10,481 hashish jobs final yr, in accordance with the Vangst 2023 Jobs Report outlined by KDVR.
Tiffany Goldman, board chair of the Marijuana Trade Group, advised KDVR that the group is “already seeing enterprise homeowners shut their doorways and go away Colorado, taking important jobs and tax income with them.”
“Our trade helps hundreds of jobs and public applications that Coloradans care about like reasonably priced housing, public security, psychological well being and habit therapy, schooling and extra. Sadly, hashish small enterprise homeowners won’t be able to face up to continued will increase in taxes and laws, dated and draconian federal laws, and a rising unchecked and unregulated intoxicating hemp trade for for much longer.” — Goldman to KDVR
Colorado was among the many first states to legalize hashish for non-medical functions, becoming a member of Washington state in 2012 by way of poll initiatives.
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