New Frontier breakdown analyzes Colorado cannabis flower trends and finds that flower is still on top, despite all the available alternatives. New Frontier Data reviewed Colorado sales data and found that among the wide variety of products available to consumers, flower still reigns supreme. A new analysis of Colorado’s cannabis sales data was presented by New Frontier Data on November 2. Using data from the Colorado Marijuana Enforcement Division, the company found that between 2014 and 2020, cannabis flower sales have increased exponentially. In terms of pounds of flower sold to consumers within that seven-year period, the state sold 148,000 pounds in 2014 and gradually increased to 584,000 pounds by 2020, with a compound annual growth rate of 26 percent. New Frontier Data defines an average-sized joint as one-third of a gram of cannabis, and at that size, Colorado sold 201 million joints in 2014. By 2020, the state sold approximately 795 million joints. During the seven years since Colorado has had an established recreational cannabis law, the state has sold over 3.4 billion joints.
420 Intel – Marijuana Industry News, 11/02/2021 20:00:00