Wednesday, September 10, 2025
MWH
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
Marijuana with Hemp
No Result
View All Result
Home Business

Marijuana Sales are Declining

Graham Cooper by Graham Cooper
December 14, 2022
in Business, Featured, Lifestyle
Share on FacebookShare on Twitter
96

It was mistake to see anything happening during the pandemic as the new normal. It’s the reason why the stocks for Zoom and Peloton have sunk in the past year, and it’s the same reason why we’re seeing a much less enthusiastic marijuana market.

When people were literally stuck home, the idea of spending lots of money on marijuana seemed like one of the only options out there. Naturally, there was a steep rise in weed products being sold, both legal and illegal. In those legal states, we have the numbers to back up these claims. Sales were up 25.8% in Colorado between March 2020 and 2021.

Then, people were becoming social again, and that rising number began to stabilize. People are now spending $4 less on average in a retail store than they did one year ago.

However, the entire industry is still nascent and expanding in a slow rollout necessitated by the legalization of state by state, so it’s still growing. Combined sales this year may reach $33 billion, up from $27 billion of last year. We’re just seeing less enthusiastic purchases in the already open markets.

The pandemic also isn’t the only reason for the decline in product sales. Inflation hits marijuana hard, with already sky high state taxes, which then leads more and more people to build out the illegal market.

Investments have been down as well. Capital is down 62.6% from one year ago, and equity financing down even more, hitting $2.1 billion last year and only reaching $78 million so far this year.

It seems we’re in the middle of a correction from unreasonable highs due to an abnormal environment for marijuana. While it doesn’t spell long term trouble for the plant’s capitalistic future, it does mean the excitement felt in the industry just last year may be dulled for the time being.

Read the original article at CNBC.

Visits: 771
Previous Post

Brooklyn Prosecutor Ran an Illicit Marijuana Ring for years

Next Post

SAFE Banking won’t be dealt with until next year

Graham Cooper

Graham Cooper

Next Post
SAFE Banking won’t be dealt with until next year

SAFE Banking won’t be dealt with until next year

ADVERTISEMENT
  • Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    0 shares
    Share 0 Tweet 0
  • Where is marijuana on the ballot in November?

    0 shares
    Share 0 Tweet 0
  • Doordash gets into the Weed Delivery Business

    0 shares
    Share 0 Tweet 0
  • Barstool Sports Delves Into the Realm of Cannabis

    0 shares
    Share 0 Tweet 0
  • Kamala Harris Didn’t Talk With Rogan About Legalization, She Should Have

    0 shares
    Share 0 Tweet 0
  • Trending
  • Comments
  • Latest
Feds Seize Legal Cannabis In New Mexico, No Plan To Give Back

Feds Seize Legal Cannabis In New Mexico, No Plan To Give Back

April 22, 2024
Hawaii Legalization Bill Dead Due To House Leader Inaction

Hawaii Legalization Bill Dead Due To House Leader Inaction

April 22, 2024
Feds Seize Legal Cannabis In New Mexico, No Plan To Give Back

Feds Seize Legal Cannabis In New Mexico, No Plan To Give Back

0
Hawaii Legalization Bill Dead Due To House Leader Inaction

Hawaii Legalization Bill Dead Due To House Leader Inaction

0
Kellyanne Conway is a big proponent of rescheduling marijuana

Kellyanne Conway is a big proponent of rescheduling marijuana

September 9, 2025
CBD Has Huge Potential in Dermatology, Here’s Some of the Benefits

CBD Has Huge Potential in Dermatology, Here’s Some of the Benefits

September 9, 2025
ADVERTISEMENT
Marijuana with Hemp

Browse by Category

  • Business
  • Featured
  • Hemp Politics
  • Lifestyle
  • Medical
  • Medical Marijuana
  • Politics

Recent News

Kellyanne Conway is a big proponent of rescheduling marijuana

Kellyanne Conway is a big proponent of rescheduling marijuana

September 9, 2025
CBD Has Huge Potential in Dermatology, Here’s Some of the Benefits

CBD Has Huge Potential in Dermatology, Here’s Some of the Benefits

September 9, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Marijuana With Hemp

No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop

© 2024 Marijuana With Hemp