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The heyday of marijuana sales in Colorado -- back in 2020 when recreational and medical sales topped out at a combined $226 million -- is a distant memory, as the state's dispensaries struggle through an economic downturn, with sales plummeting and small businesses foundering.
Oversupply, lack of demand, competition with neighboring legal states, and black market sales, puts Colorado cannabis businesses in a bind.
Too much supply, not enough demand, plunging prices, a lack of cannabis tourism and more put pressure on marijuana market