Insights: How Republicans went to pot in Colorado

 

Medical and retail marijuana sales fell in April after seeing a 24% increase the month before, while the states tax and fee revenue also declined, according to the Colorado Department of Revenue's May report.

Throughout April, $206.3 million worth of medical and retail marijuana was sold in the Centennial State, which is about $800,000 less than March. However, the month's total sales is 39% higher when compared to the year before.

Recreation sales accounted for $166.5 million in retails sales and $39.8 million from medical marijuana businesses. 

Of April's $206,324,167 total in retail sales, just over $46 million came from Adams, Arapahoe and Denver counties. Denver had the highest amount of sales with $67.83 million, according to the report.

Since the beginning of the year, the state has accounted for $768 million worth of marijuana sales, which is 30% higher when compared to the same time period in 2020.

Similarly, the state's tax and fee revenue has increased from $133.5 million in May of 2020 to $180.7 million, despite a 5% decrease from April to May this year. 

Since 2014, tax revenue has declined from April to May 50% of the time, with revenue picking up as the summer months begin, according to the report. 

The full sales report is available online at revenue.colorado.gov