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New Frontier Data - CannaBit Your weekly cannabis intel brief
December 10, 2017

Adult Use Licenses Far Outpacing Medical Licenses in Colorado

  • Cultivation licenses are a strong proxy for activity and growth in the cultivation supplies market.
  • Colorado now has more than 1,450 cultivators licensed to grow its medical and adult-use cannabis.
  • As the number of medical cultivators remained steady since 2014, licensed adult-use cultivators meanwhile increased nearly 2.5x, with an annual growth rate of 33.5%, or 28x faster than their medical peers.
  • New Frontier Data and GrowGeneration project 2017 revenues for cultivation supplies and equipment to have grown by 30% in Colorado.
Cannabis cultivation is reaching new levels of sophistication and efficiency as commercial operations become larger. In the early years post-legalization, facilities larger than 50,000 square feet were rare. Now, state-of-the-art cultivation facilities can exceed such size, more than a 10x increase from prior medical and early adult-use operations. 

 

Learn how this increase in production capacity impacts you and the marketplace. This report, brought to you by New Frontier Data, in partnership with GrowGeneration, will address:

  • Market Size
  • Growth Trends
  • Pricing and Brand Popularity
  • And much, much more….
Exclusive Presale Offer
J J McCoy


The Key to a Profitable Harvest? Getting a Handle on the Retail Supplies Market

By Rob Kunvinka,
Manager of Data Science for New Frontier Data
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Canada faces one last hurdle to becoming the first G7 nation to legalize recreational marijuana.

Canada's Cannabis Act was introduced in the Canadian Senate Tuesday, its last legislative stop. The bill enjoys wide public support and the backing of Prime Minister Justin Trudeau.

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Anyone Who Resists the Rise of Legal Cannabis is Among the Dumbest on Wall Street


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California Proposes Special Marijuana Bank to Confront Compliance Concerns


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Why We Shouldn’t Ignore The Cannabis Oil Boom


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Delaware on track to legalize recreational marijuana next year


Read the full article here >
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