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Colorado marijuana sales this year saw their traditional decline in February, falling to around $ 167 million, according to the Treasury Department. But they are facing a big upswing.
Although monthly pharmacy sales were down around 11 percent from January, the first two months of 2021 got off to a record start. DOR data shows: This year’s two-month balance of $ 354.6 million is almost 22 percent higher than the $ 277.6 million sold in January and January in February 2020. And the numbers for March, which have not yet been released, could be an even bigger sign of what’s to come this year.
March is generally the starting point for pharmacies after a winter break. Sales declined from January each year in February, but since 2014 when recreational pots sales began. However, according to DOR data, March almost always shows a sharp increase compared to the previous month, with an average increase of 15.6 percent from 2018 to 2020.
In 2020, March was the first month that Colorado and the rest of America began issuing home orders and business closings at the start of the COVID-19 pandemic, causing marijuana sales to spike that still has not decreased. March 23, 2020 was a particularly big day as it was the date of the two-hour ban panic in Denver before Mayor Michael Hancock’s government turned pharmacies into major business.
(We thought Colorado might experience a smaller but similar bump during a snow storm over the weekend in mid-March when over 27 inches of snow was registered at Denver International Airport. However, pharmacies didn’t seem to have the same traction this time around the Cannabis Sales Tracker Headset. Sales at Denver Pharmacies March 11-14 – the days before and during the storm – were 11 percent lower than the previous weekend and 38 percent lower than the following weekend.)
More Colorado cities entering the legal marijuana market could increase sales in 2021. Cities like Broomfield, Lakewood, Littleton, Fort Lupton, Buena Vista, Grand Junction and several smaller rural towns have recently turned to the commercial marijuana industry. However, some of these markets are still in their early stages.
Colorado Department of the Treasury
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Thomas Mitchell has been writing about everything cannabis-related for Westword since 2014, covering sports, real estate, and general news en route to publications like the Republic of Arizona, Inman, and Fox Sports. He is currently the cannabis editor for westword.com.