Marijuana

Reader: Why Are We Still Paying Whole Food Prices for Walmart Product?

Or is the sales drop a simple market correction?
Sales are shrinking

Jacqueline Collins

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Colorado’s marijuana sales are projected to reach just $1.8 billion in 2022, the lowest total for a calendar year since 2019. According to the state Department of Revenue, dispensary sales accounted for just under $146.4 million in June. That’s about 22 percent lower than for the same month in 2021, and almost 27 percent less than for June 2020.

Dispensary sales have fallen for thirteen months in a row on a year-over-year basis, but the June 2022 stats reflect a particularly poor performance by stores. Of the six months of reported sales figures so far in 2022, June was the second-lowest, barely beating out February — traditionally the worst month for dispensaries — by $1.1 million.

In their comments on the Westword Facebook page with the story, readers offer plenty of theories for the drop. Says Spencer:

With more states legalizing, the luster and lore of visiting Colorado for a weed vacation is shrinking.

Adds Randall: 

Too many dispensaries. Of course there would be a shake-out.

Responds Greg:

Sounds like a simple market correction.

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Explains Jordan:

IMO, 2020 and 2021 were more anomalies due to COVID. Now there are less people staying inside and sales have retreated to 2019 levels.

Suggests Daniel:

It’s only a problem if the owners want to keep paying themselves millions of dollars a year. Why are we still paying Whole Foods prices for Walmart product?

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Notes Victor:

Too many vegans in Colorado, not enough hippies.

Offers Keel:

Everyone grows their own! Finally! We are winning.

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And Fred concludes:

Good, that means people are going back where they came from. I don’t care for the overpopulated Colorado…

What do you think of the current cannabis scene? Post a comment or share your thoughts at editorial@westword.com.

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