After six months of legal adult-use marijuana sales we are getting our first good look at the size and shape of the cannabis market in Colorado, thanks to a new report by the Marijuana Policy Group prepared for the Colorado Department of Revenue.
The big finding is that total demand for marijuana in Colorado is projected to be 130.3 metric tons this year, higher than past predictions. Most of that is for Colorado adult residents who will likely consume 121.4 metric tons this year. The remaining 8.9 metric tons is for tourists to the state. Of course, what the exact amount ultimately will be is subject to many factors so the estimate could be off by two dozen tons in either direction. Getting precise data about legal home growing and the gray market is still difficult.
The bulk of the marijuana appears to be consumed by the frequent user. About one fifth of marijuana users in Colorado partake almost daily and they consume roughly two thirds of all the marijuana.
… in Denver it is estimated that 44 percent of recreational marijuana sales are to visitors and the rate is even higher in some ski towns. Clearly, many people are coming the Colorado to enjoy the new freedom.
I’ve heard estimates as high as 90% of customers of recreational cannabis stores in ski towns come from out of state. What I’ve heard is anecdotal, though every weed store in the ski towns I’ve been in all say that their out-of-state clients outnumber their resident clients.