Denver's tax revenue from marijuana sales increased 3 percent in 2021 to $72.4 million, according to the city's annual marijuana tax report.
The figures come as Colorado's marijuana industry is facing a slowdown. So far this year, more than $759 million of marijuana has been sold in Colorado compared to the $962 million sold around the state in the first five months of 2021, according to data from the Colorado Department of Revenue.
Overall marijuana sales in Denver are down despite the increased tax revenue, with more than $167 million sold so far in 2022 compared to over $222 million sold between January and May 2021.
(Originally posted by Cannabis News)