CO Flower Sales Continue to Flourish

Newly released data from the Colorado Marijuana Enforcement Division marks dramatic growth in the state’s volume of flower sold, from 25.2 thousand pounds in Q1-2014 to 100.4 thousand pounds in Q4-2017.
Across the four-year period, the state sold more than 1.1 million pounds of flower, almost equally divided between the medical and adult-use markets.
Such continued growth in flower sales belies parallel increase in demand for non-flower products (e.g., concentrates and edibles) now collectively accounting for nearly half of the state’s cannabis sales.
Given flower’s proven popularity as a favorite way to ingest cannabis, it will remain the leading product category for the foreseeable future even as consumers increasingly embrace other product forms for their convenience, discretion, or potency.

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In An Oversaturated Market Growers Are Turning From Flower To Oil

By J. J. McCoy,
Senior Managing Editor, New Frontier Data

To wait out the cannabis market’s oversupply and diminished prices for flower, some cultivators are treading oil to survive. Operators are increasingly turning to oil extraction to give a lift to their bottom lines...

Read Here

New Frontier Data Updated CA Projection Quoted...

A lot less pot is being sold in California than initially estimated, analyst says

With tax revenue from legal pot sales in California falling short of projections, a financial analysis firm estimated Tuesday that total sales this year will be $1.9 billion, significantly less than the $3.8 billion the company expected.

The firm, New Frontier Data, had also estimated that total sales in California would reach $6.7 billion by 2025, but now says it is more likely the industry will generate $4.72 billion by then....

Read the full article here >

Copyright © 2018 Frontier Financial Group, Inc., dba New Frontier Data, All rights reserved.

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