More of Colorado’s legal marijuana is increasingly sold for recreational use
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.
Read more via The Denver Post.