Retail marijuana sales started in Colorado Springs in April. Now, Manitou predicts its general fund to drop almost 30%.
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Leaders in Manitou Springs are starting to understand the budget ramifications of losing the city’s local monopoly on recreational marijuana earlier this year. And it’s not good.
During a city council meeting this month, staff informed council members the community should expect its 2026 general fund revenues to be down nearly 30 percent from this year. The decrease was described specifically as the result of fewer recreational marijuana sales in the city, equaling a roughly $4 million loss in tax revenue.
