2024 Denver marijuana industry faces first recession since 2012 legalization due to COVID-19 pandemic.

Denver's marijuana industry is experiencing its first recession since the legalization of recreational cannabis in 2012, with sales declining for both medical and retail sectors since the COVID-19 pandemic. Despite this, the recreational market earned $180 million in the first seven months of 2024. Businesses are adapting, with some closing or consolidating, while innovative establishments like Pure Elevations Cannabis Spa and Salon offer on-site cannabis consumption and infused treatments.

September 29, 2024
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