After years of rapid growth, the U.S. cannabis industry is showing signs of fatigue amid challenging economic conditions and growing pains.
In some of the most mature legal cannabis markets across the U.S., sales are declining after surging earlier in the pandemic.
In states with established marijuana markets such as Oregon and Washington, sales at retail outlets and dispensaries have declined from a year ago, according to afrom cannabis data firm Headset. In Colorado, one of the country's most established markets, sales in June were down 11.4% from a year ago.
Between March 2020 and March 2021, average monthly year-over-year sales were up 25.8% in Colorado, according to Headset. But as the pandemic began easing last summer, the report found, both the frequency of marijuana purchases and the amount of money people spent began declining.
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