This was extremely predictable.

Colorado's weed market is slowing because as one of the first states to legalize, it relied so heavily on tourism, and the industry got overbuilt. Pre-pandemic sales of cannabis were almost 60 percent to tourists in Colorado. My grandsons father founded what at the time was the largest weed businesses in the state. He knew that this was going to happen and told me about it. His family sold the business at about the peak of the industry in 2019 for $140 million. At that time they had millions of sq ft of grow capability and 21 dispensaries.

Plus, I don't know many CO residents who actually purchase weed because we can legally grow our own and there is so much free surplus floating around. I can grow enough to last me two-three years in just a couple of plants. The only reason to visit a dispensary is for the variety of product.

The industry is culling the herd and consolidating. But it will still be around unless the Feds decide to really crack down.

I hesitate to post this link. But this is the business I was referring too...