Market Overview

Colorado Shifts From Medical To Adult Use As Legal Market Expands

Share:
Colorado Shifts From Medical To Adult Use As Legal Market Expands

The number of licensed cannabis businesses has begun to plateau as the industry nears saturation, and operators attain efficiency and scale.

  • Among licensed businesses, medical cultivation facilities saw the steepest decline while adult-use processors saw the highest rate of growth in the three–year period ending June 2019.
  • In the same period, contraction in the medical market – for both licensed businesses and product sales – has been offset by continued strong growth in the adult-use market.
  • Sales of medical concentrates surged even as flower demand contracted, reflecting patients' strong interest in noncombustible products.
  • After the EVALI (i.e., tainted vaping) crisis of last fall (coupled with industry-wide liquidity challenges in latter 2019), demand turned from concentrates (vapes in particular) toward flower and noncombustibles, driving further consolidation in business licensing.

Receive the best hemp news in the industry delivered to your inbox every week!

The post Colorado Shifts From Medical to Adult Use as Legal Market Expands appeared first on New Frontier Data.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Image by GAD-BM from Pixabay

Posted-In: Cannabis Government News Regulations Commodities FDA Legal Markets Best of Benzinga

 

Related Articles

View Comments and Join the Discussion!

Cannabis Movers

Sign up for our secret cannabis newsletter!
Never miss out on the breaking news in the Cannabis Industry!