Marijuana Law, Policy & Reform

Editor: Douglas A. Berman
Moritz College of Law

Friday, February 27, 2015

Lots of official new Colorado data about state's marijuana realities showing lots of job growth

As detailed in this local article, headlined "Colorado releases trove of marijuana data," the Colorado Department of Revenue today released this 40-page "Annual Update" report that "may very well be largest collection of data about marijuana use ever released in human history."  Here is a partial summary of some of the data cite the press report:

74 tons of marijuana flower were sold in the state, of which only 19 tons were sold as "recreational," telling us medical patients used more than twice as much marijuana flower (buds) as did recreational customers....

Conversely, recreational users consumed vastly more edible marijuana products in 2014 than did medical marijuana patients.  1.96 million units of medical edibles were sold. 2.8 million of them were sold to recreational buyers.

That means a total of 4.8 million edible marijuana products like cookies, candy bars and drinks sold in 2014. That's equal to almost one edible to every resident of Colorado....

The state of Colorado was cranking out almost 17,000 new plants each day at the end of 2014....  At year's end, Colorado recreational pot growers were cultivating more than 200,000 new plants each month to support their businesses, compared to just 25,000 in January, the first month of legal sales.

Plants need to be designated as either "retail" or "medical" when they are potted. By contrast, growers cranked out more than 300,000 new medical plants in all but two months of the year.

Each plant is tagged with an RFID chip, which is tracked through each step of cultivation and preparation for sale.  The state tracking system logged 37 million "events," including new cutting planted and plants processed into various products.

Denver is the undisputed capitol of the marijuana trade in Colorado. 60 percent of all the recreational buds sold in the state were sold in Denver, 11.5 tons.  The next nearest competitor, Boulder County, looked paltry by comparison with 2.5 tons.

Denver is also tops in medical pot with 31 tons sold compared to just 11 tons in El Paso County. By a 5-1 margin, the Denver County's recreational sales of infused products outpaced its next nearest competitor with 1.3 million units sold.  About 2.6 million edibles sold in Denver.  A half million sold in Boulder....

The data reveal that 9,400 jobs were created above-board in Colorado's marijuana sector with the dawn of recreational sales.  There were 6,600 state badges issued to workers in the medical pot industry as 2014 began.  By year's end, the figure mushroomed to 16,000.

833 brand-new recreational marijuana facilities opened in Colorado in 2014, including 322 retail stores.  At year's end there were 1,416 medical marijuana facilities, a slight increase over 2013.  State regulators suspended 30 licenses for violations over the course of the year. An additional 153 agreed to corrections or shut-downs.

Though there is a lot of data to take in and assess, the economic development story in the form of jobs created strikes me as a hugely significant factors for the future of marijuana reform.  This other official Colorado document seems to indicate that total job growth in Colorado numbered 80,000, which suggests that perhaps as much as 25% (if not more) of the job growth in Colorado can and should be fairly attributed to Colorado's marijuana sector.

http://lawprofessors.typepad.com/marijuana_law/2015/02/lots-of-official-new-colorado-data-about-states-marijuana-realities-showing-lots-of-job-growth.html

Medical Marijuana Data and Research, Recreational Marijuana Data and Research | Permalink

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