The small line that goes from the ozone unit to the venturi (White tee in the 3/4" water line) may get discolored, but that is normal. Sometimes that venturi can get clogged and not provide any suction to the ozone, thereby reducing or eliminating the bubbles.
A clogged filter can also reduce the flow enough to prevent the venturi from sucking the ozone bubbles in. You can try shutting the power off, cleaning the debris out of the spa, removing the filter, and running the spa without a filter to see if the bubble improve. If it does, time to clean/replace the filter. If not, we would move on to trying to clean out that venturi.