Feb. 27 at 2:06 PM
$MAPS Despite initial projections that legalization would eliminate the illicit market, Colorado has experienced a persistent, and in some areas, growing black market for cannabis, driven by high taxes, regulatory burdens, and interstate trafficking. While legal sales have generated over
$3 billion in tax revenue since 2014, the industry is currently facing a significant downturn, with sales dropping by approximately 16% in 2024 and experiencing an
$800 million market contraction