Almost One in Five Colorado Marijuana Growing Licenses in Colorado Were Dropped Last Year

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Almost One in Five Colorado Marijuana Growing Licenses in Colorado Were Dropped Last Year
Marijuana Industry NewsCommercial Cannabis Growing
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It's not like 2023 was a good year, either.

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It's not like 2023 was a good year, either. From 2022 to 2023, Colorado saw about a 15 percent reduction in marijuana growing licenses, according to MED numbers, while theAfter record-breaking performances during the COVID-19 pandemic in 2020 and 2021, Colorado's marijuana industry experienced a surge in growers and a surplus of product. The oversupply and increased competition from states new to legal marijuana put. In 2021, annual dispensary sales peaked at over $2.

"I hoped in the first quarter of this year that things would improve. If anything, the market went down, and things have gotten worse," says longtime cannabis grower Jason MacLean."That's why I got out of here." "Other states have legalized, a lot of which are around Colorado, which doesn't help," he explains."But the fire's just not here anymore. A lot of people are desperate and hanging on by a thread.", which are decriminalized in Colorado and soon to be legal for adults for therapeutic purposes. Although he doesn't expect psychedelic mushrooms to have the commercial potential of marijuana, MacLean says it's a fun challenge that's keeping him busy.

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