The recreational market continues to increase its share of Colorado’s legal marijuana sales, with a new report showing that 66 percent of the total pounds of marijuana flowers and 86 percent of the total units of edibles sold in 2018 were for recreational use.
In 2017, recreational use accounted for 58 percent of the total pounds and 83 percent of the units of edibles sold by marijuana businesses, according to an annual update released Monday by the Colorado Marijuana Enforcement Division in the state Department of Revenue. Medical marijuana made up the rest of the sales.
The number of recreational marijuana business licenses increased by 3 percent while the number of medical marijuana licenses dropped 8 percent, the first decline in a couple of years, said Shannon Gray, division spokeswoman.
The report is the division’s fifth straight analysis of the marijuana industry. Recreational use was legalized in 2014, and the medical use of marijuana was approved in 2000.
“This ongoing analysis and compilation of industry information helps inform the public and contributes to our outreach efforts to stakeholders,” said Jim Burack, division director.
The report’s findings include:
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Notify me of follow-up comments by email.
Notify me of new posts by email.
White Paper Timing and speed to market are crucial when starting a new cannabis project. The cannabis industry moves at a rapid pace. New cultivation businesses either keep up or…
Ahead of the fifth anniversary of Canada launching its adult-use cannabis program, the country’s market has dealt with growing pains similar to the ones seen in mature U.S. state markets.…
Earlier this month, Bryan Cafferelli was approved by the Executive and Legislative Nominations Committee of the Connecticut General Assembly to succeed Michelle Seagull as the next Commissioner of the state’s…
By Niklas Kouparanis, Bloomwell Group CEO and Co-Founder In 2022, Germany made significant steps toward making adult-use cannabis legalization a reality. Last October, Germany’s Health Minister Karl Lauterbach released a…