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Hot Take: July's sales numbers

Hot Take: July's sales numbers

It's looking more and more like 2018 should be the cannabis industry's sales benchmark. But we need more information from the state.

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Jonathan Rose
Sep 13, 2023
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Hot Take: July's sales numbers
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Just as the cannabis industry was relishing a rare moment of hope thanks to the news that the U.S. Department of Health and Human Services is recommending to the Department of Justice that cannabis be bumped down the Controlled Substances Act scheduling list from I to III, Colorado’s Marijuana Enforcement Division today dumped the latest sales numbers — and they’re, again, pretty miserable.

But there’s a clear trend emerging that makes a lot of sense. And it might be time for companies in the sector to wind back their clocks (and expectations). Here’s why:

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