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Benzinga

Business

GreenWave Advisors

Colorado's Medical Marijuana Market Takes Another Big Hit

Colorado Marijuana

For the third consecutive quarter, The Colorado Department of Revenue posted neg comps for cannabis both YoY and QoQ. Q1:22 results -41% med / -13% rec YoY and -23% med / -11% rec QoQ. The deceleration in revenue growth is consistent with what we have observed for the past 3 quarters from many of the MSOs and other states but was compounded by new regulations that went into effect Jan 1 limiting daily medical marijuana purchases.

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