Roots Rx
Bananaghani, Durban Kush #8, Miracle Alien Cookies, Pineapple Blast, Sherb Crasher, Sour Rado, Space Gello, Unicorn Poop
SMOKEY'S
Big Bubba Diesel, Cereal Barz, Miracle Alien Cookies
Skunked
Cherry Punch, FUN, Forza Sans Souci #4, Grape Gasoline S1, Super Lemon G
Smokey's
Cereal Barz, Colorado Cutthroat, Durban Kush #8, Super Sour Lemon, WRZ, Yuk Mouth
Solace Meds
Bananaghani, Sherb Crasher, Space Gello
Space Station
Big Bubba Diesel, Miracle Alien Cookies
Standing Akimbo
Apple Fritter, Bananaghani, Big Bubba Diesel, Black Amber, Cereal Barz, Cookies N Cream, FUN, Frozen Dessert, Lava Breath #2, MIL, Miracle Alien Cookies, Muffinz Breath #1, OZ Kush, Peach Crescendo #2, Peking Duck #6, Pineapple Blast, RUN, Sherb Crasher, Sour Rado, Strawberries N Cream, Super Lemon G, Super Sour Lemon, Triangle OG, Unicorn Poop, Veritas Cookies, Wedding Crasher
TGS
Bananaghani, Big Bubba Diesel, Cereal Barz, Cherry Punch, Durban Kush #8, El Chivo #4, Forza Sans Souci #4, Frozen Dessert, Gastro Pop #4, Grape Gasoline S1, Grape OZ, Malibu Mirage, Muffinz Breath #1, OZ Kush, Peking Duck #6, Pineapple Blast, Sherb Crasher, Sour Diesel, Sour Rado, Super Lemon G, Super Sour Lemon, Unicorn Poop, Veritas Cookies, WOF, Wedding Crasher, White 99, Yuk Mouth
THE GREEN SOLUTION
Cherry Punch, Forza Sans Souci #4, Grape Gasoline S1, Super Lemon G
The 404 Dispensary
Bananaghani, Cake Pop, El Chivo #4, Forza Sans Souci #4, Malibu Mirage, Muffinz Breath #1, White 99
The 64 Store
Cherry Punch, El Chivo #4, Grape Gasoline S1, Super Lemon G, White 99
The Dispo
Big Bubba Diesel, Cherry Punch, Durban Kush #8, El Chivo #4, FUN, Forza Sans Souci #4, Frozen Dessert, Grape Gasoline S1, Miracle Alien Cookies, OZ Kush, Pineapple Blast, Sour Diesel, Super Lemon G, Super Sour Lemon, Triangle OG, White 99
The Happy Camper
Bananaghani, Big Bubba Diesel, El Chivo #4, Grape Gasoline S1, Malibu Mirage, Peach Crescendo #2, Sour Diesel, Super Lemon G, Triangle OG, Veritas Cookies, White 99
Third Day Apothecary
Cherry Punch, Super Lemon G
Tumbleweed
Bananaghani, Big Bubba Diesel, Sour Diesel
1136 Yuma
Grape Gasoline S1, Miracle Alien Cookies
A Cut Above
Gelato 41, Malibu Mirage, Peach Crescendo #2, Sour Diesel, Unicorn Poop, Veritas Cookies
ANNA
Durban Kush #8, El Chivo #4, Sour Diesel, White 99
Best High
Veritas Cookies
Blue Heron
Cherry Punch, El Chivo #4, FUN, Forza Sans Souci #4, Grape Gasoline S1, Malibu Mirage, Super Lemon G, Veritas Cookies
Buku Loud
RUN, Sour Diesel
Canna Cabinet
Big Bubba Diesel, El Chivo #4, Gelato 41, Grape Gasoline S1, Macchiato Haze #8, Malibu Mirage, Peach Crescendo #2, RUN, Sour Diesel, Sour Rado, Super Lemon G, The Sauce
Cannabicare
El Chivo #4, White 99
Cherry Peak
Bananaghani, Big Bubba Diesel, Cake Pop, Cherry Punch, El Chivo #4, FUN, Forza Sans Souci #4, Gastro Pop #4, Gelato 41, Grape Gasoline S1, MIL, Malibu Mirage, Miracle Alien Cookies, Peach Crescendo #2, Sour Diesel, Sour Rado, Strawberry Shortcake, Sueno, Sunset Drive, Super Lemon G, Triangle OG, Unicorn Poop, Veritas Cookies, White 99
Colorado Harvest Company
Bananaghani, Black Amber, Cereal Barz, Cherry Punch, Colorado Cutthroat, Durban Kush #8, El Chivo #4, Frozen Dessert, Gastro Pop #4, Gelato 41, Grape Gasoline S1, Grape OZ, Lucky Charms, Macchiato Haze #8, Miracle Alien Cookies, RUN, Sour Diesel, Space Gello, Super Lemon G, Unicorn Poop, Veritas Cookies
Emerald Fields
Big Bubba Diesel, Cereal Barz, Miracle Alien Cookies
Euflora
Bananaghani, Big Bubba Diesel, Malibu Mirage
Green Dragon
Bananaghani, Black Amber, Lucky Charms, Macchiato Haze #8, Malibu Mirage, Miracle Alien Cookies, RUN, Sherb Crasher, Space Gello, The Sauce, Veritas Cookies, Wedding Crasher
Green World
Cherry Punch, Forza Sans Souci #4, Grape Gasoline S1, Super Lemon G
HERBS 4 YOU
Unicorn Poop
Herbal Healing
Big Bubba Diesel, Cake Pop, Forza Sans Souci #4, Gastro Pop #4, Miracle Alien Cookies, Sour Diesel, Triangle OG, Unicorn Poop, Veritas Cookies
Higher Grade
Cherry Punch, El Chivo #4, Forza Sans Souci #4, Grape Gasoline S1, Super Lemon G, White 99
Kika Kush
Bananaghani, Gelato 41, Sherb Crasher, Veritas Cookies
Kind Meds
Big Bubba Diesel, Malibu Mirage, Veritas Cookies
Livgreen
Cherry Punch, Durban Kush #8, El Chivo #4, FUN, Forza Sans Souci #4, Grape Gasoline S1, Miracle Alien Cookies, RUN, Sherb Crasher, Slurricane, Sour Diesel, Sour Rado, Super Lemon G, Super Sour Lemon, Triangle OG, Unicorn Poop, Veritas Cookies, Wedding Crasher, White 99
Magnolia Rd
Bananaghani, Cake Pop, El Chivo #4, Forza Sans Souci #4, Gastro Pop #4, MIL, Muffinz Breath #1, OZ Kush, Slurricane, Strawberries N Cream, Sueno, Super Sour Lemon, White 99
Magnolia Rd
Bananaghani, Big Bubba Diesel, Cake Pop, Cherry Punch, Durban Kush #8, El Chivo #4, FUN, Forza Sans Souci #4, Gastro Pop #4, Gelato 41, Grape Gasoline S1, Lava Breath #2, MIL, Malibu Mirage, Miracle Alien Cookies, Muffinz Breath #1, OZ Kush, Sherb Crasher, Slurricane, Strawberries N Cream, Sueno, Super Lemon G, Super Sour Lemon, Triangle OG, Veritas Cookies, WRZ, White 99, Yuk Mouth
Native Roots
Bananaghani, Big Bubba Diesel, Black Amber, Cake Pop, Cereal Barz, Cookies N Cream, Durban Kush #8, El Chivo #4, FUN, Forza Sans Souci #4, Frozen Dessert, Gastro Pop #4, Gelato 41, Grape Gasoline S1, Lava Breath #2, Malibu Mirage, Miracle Alien Cookies, OZ Kush, Peach Crescendo #2, Peking Duck #6, Sherb Crasher, Sour Diesel, Super Lemon G, Triangle OG, Unicorn Poop, Veritas Cookies, Wedding Crasher, White 99
RiNo Supply
Cereal Barz, Colorado Cutthroat, Forza Sans Souci #4, Grape Gasoline S1, Miracle Alien Cookies, Wedding Crasher
Ripple
Macchiato Haze #8, RUN, Space Gello, Veritas Cookies
Rocky Mountain Cannabis
Big Bubba Diesel, Malibu Mirage
Rocky Mountain Cannabis
Forza Sans Souci #4, Grape Gasoline S1, Super Lemon G
Rocky Road
Cherry Punch, El Chivo #4, Grape Gasoline S1, Strawberries N Cream, Super Lemon G, White 99
Rocky Road Remedies
Big Bubba Diesel, Cherry Punch, FUN, Super Lemon G
Roots RX
Peking Duck #6, Pineapple Blast, Unicorn Poop

November 2, 2022

Amid layoffs and falling sales, Colorado’s cannabis industry grapples with an economic downturn

Sophia Koch

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Jonathan Spadafora knew that April 20, 2022, the cannabis high holy day, when used for Colorado’s marijuana retailers, failed to wind up. Across the state, dispensary sales fell nearly 25 percent compared to 4/20 a year ago. But it wasn’t until last May, when demand continued to decline, that Spadafora, president of Veritas Fine Cannabis, realized the industry was in a free fall.

Two years after legalization, the first time since the sale of licensed recreational weed began in Colorado in 2014, Centennial State’s cannabis sector is experiencing a prolonged recession. Mid-2022 saw sales decline for the fourth consecutive quarter, a nearly reversal of record-setting revenues the industry saw in the early days of the pandemic. (The medical and retail sectors have experienced roughly similar slowdowns.) In response to declining demand, dispensaries that had stockpiled for 4/20 found themselves stuck with excess inventory and fewer purchase orders to producers such as Veritas. Turns out, which flower and pre-rolled additions to stores across the state. Large companies are also struggling; The chains Buddy Boy and Tweedleaf closed seven stores each during the summer.

Spadafora believes that several factors have contributed to the tailspin of cannabis. To start, the pandemic boom was a bubble driven by the fact that people were stuck at home – and often bored or stressed. “People weren’t in the office,” Spadafora says. “They were at home and had the ability to roll a joint and do their emails all day.” Then there were stimulus checks, which helped fund Noss’s run with total sales hitting an annual peak of $2.2 billion in 2021. Fast-forward to today, and people are worried about inflation, Spadafora notes. In addition, nine more states have legalized recreational weed during the past two years, making a dent in Colorado’s cannabis tourism trade, says Truman Bradley of Denver-based Marijuana Industry Group, a cannabis trade association. New Mexico’s market entry in 2021 has been particularly painful, with cannabis sales down 40 to 50 percent in Colorado’s southern border towns.

Graph Illustration by Sean Parsons

Veritas, one of the state’s larger marijuana growers, couldn’t cope with a downturn without size: In June, the company decided to close one of its three farming facilities and lay off 33 staff members—its employees. about a quarter of the number. “It’s hard because it wasn’t the people who were making the mistakes,” Spadafora says. “I think one thing we’ve learned is that Colorado isn’t a $2.2 billion market. It’s probably a $1.8 or $1.7 or $1.6 billion market.” Producers and sellers alike have to expect the market to collapse before their companies go up in smoke.

Read also: 'Wonderful': Cannabis sales in New Jersey bring in excited shoppers

This article was originally published on 5280 November 2022.

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