Colorado’s cannabis industry is enduring its first sustained downturn since Recreational Weed Sales Began

Colorado’s marijuana businesses adjust to inflation, market saturation and competition from other states. Municipalities face declining revenues as shine fades from legal weed.

Colorado’s legal marijuana industry is weathering its first sustained downturn since dispensaries began selling recreational weed in 2014.

Dispensaries are closing. New ventures, like delivery services and social clubs, are struggling. Tax revenues are plummeting. And across the industry, layoffs are sending marijuana workers packing. Colorado’s green boom is beginning to bust as more states legalize the sale and use of marijuana and inflation pinches spending.