It’s been 6 months since the first legal sales of recreational marijuana took place in Colorado. Now, state regulators published the 1st-ever study on Colorado’s groundbreaking industry.
It’s been 6 months since the first legal sales of recreational marijuana took place in Colorado. Now, state regulators published the 1st-ever study on Colorado’s groundbreaking industry and there are some very interesting take-aways from it. Take a moment to skim through the facts, courtesy Leaf Science, and feel free to find out more (including graphs of the data) here
5 Shocking Stats on Colorado’s Marijuana Industry
By The Stoner's Cookbook
It’s been 6 months since the first legal sales of recreational marijuana took place in Colorado. Now, state regulators published the 1st-ever study on Colorado’s groundbreaking industry.
Total projected demand for marijuana in 2014
By The Stoner's Cookbook
The demand for weed is expected to grow to 121 tons (or 267,000 pounds).
Colorado consumes less marijuana than Washington
By The Stoner's Cookbook
Even though entrepreneurs in Colorado got a 6-month head start, a larger population may make Washington the more profitable state to set up shop.
The largest group of ‘users’ hardly uses marijuana
By The Stoner's Cookbook
Research shows addiction only becomes an issue for 9% of people who try it. Among the 500,000-plus Coloradans considered to be ‘marijuana users,’ nearly 1/3 partake less than once a month.
1 in 5 marijuana users consume daily
By The Stoner's Cookbook
Then again, there’s also a lot of Coloradans who say they smoke every day (or just about). This group consumes more marijuana per session and by far the greatest amount on an annual basis.
Medical sales are 4x higher than recreational
By The Stoner's Cookbook
Despite massive interest in recreational marijuana, it turns out demand for medical marijuana is holding strong. Recreational marijuana only generated $43 million during the 1st 3 months of business.