DENVER (KDVR) — Colorado marijuana businesses have sold about $115.4 million in cannabis products just in January, according to the Colorado Department of Revenue.

Believe it or not, that’s lower than what the state reported for January 2023, when the state reported $129.4 million in marijuana sales.

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The largest difference was in retail marijuana sales, according to the DOR. The department reported that during January 2024, $100.1 million was contributed by retail sales, and $15.3 million was contributed by medical marijuana sales. In January 2023, those numbers were $113.2 million and $16.2 million, respectively.

The state also provides a county-by-county breakdown of marijuana sales, but not all counties report (and not all counties offer retail marijuana, like Arapahoe County). The county with the highest-reported medical sales for January 2024 was El Paso County, reporting $6.8 million from medical sales and an additional $3.1 million for recreational sales.

Denver was close behind for medical, but blew past in recreational sales, reporting $5.1 million in medical sales and a whopping $24 million from recreational.

Colorado’s marijuana market has seen some larger challenges recently, including the closure of five southern Colorado locations of Maggie’s Farm, resulting in many employees losing jobs and communities losing access. A few longterm edible brands have also reported an exit from the Colorado marijuana market, including 1906 Edibles, Curaleaf Holdings and Coda Signature.

Curaleaf pointed to the difficulties of operating in some of the first-adopting states of legal marijuana as it exited not only Colorado, but also California and Oregon and consolidated operations in Massachusetts.

“While these states have contributed to the growth of Select and other Curaleaf wholesale brands, the Company acknowledges the difficult operating environment in these investment states and will instead place a laser focus on cash generation in its core revenue-driving markets moving forward,” the company said in a release.

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Colorado saw a marijuana industry boom during the COVID-19 pandemic, but cannabis jobs rates have fallen to around 30% of 2022 rates in 2023, and Colorado’s number of retail cultivation permits has dropped about 21%.

The state still profits from the industry, scoring nearly $2.7 billion since the state legalized the drug back in 2014. Just from January and February sales, the state reported receiving almost $43.6 million from tax revenue generated by marijuana sales.

Last year, the state earned $274.1 million in marijuana tax revenue, which was a marked drop from 2022’s earnings — $325.1 million.