BDSA: Colorado pot sales ‘stabilizing,’ could reach $1.7B by 2027

LOUISVILLE — After a period of contraction following the COVID-19 pandemic, Colorado’s cannabis market is likely to grow again — albeit very slowly — over the next few years, according to a new forecast from BDS Analytics Inc., a local cannabis market intelligence and research company.

“Despite a sales decrease in 2022, Colorado’s cannabis market is stabilizing with expected sales of $1.6 billion in 2023, followed by eventual single-digit sales growth to reach $1.7 billion by 2027,” BDSA said. 

If Colorado hits $1.7 billion in sales by 2027, that would still merely match the sales total from 2022.

While sales are rapidly sprouting…