In the month of April some $117 million worth of legal cannabis was sold in Colorado, setting a record for the relatively short history of legal marijuana sales in the state. It’s sure to be a record broken time and time again.
Recreational marijuana sales accounted for over $76 million of the record total, which is not surprising considering how much larger and less restricted – in terms of customer base – that market is. Overall, recreational sales saw an 80% increase over sales from last Aril.
Denver is the American hub of recreational marijuana, which is proven by just how many dispensaries have popped up in the Mile High City since weed was legalized almost 2 years ago. So how do you know where to go for the legal weed experience? Lucky for you, we've done the legwork and found the Top 10 Dispensaries in Denver. (All in the name of journalism.)
Craigslist is not a website that can be effective for a market as dynamic and unique as the legal cannabis industry. However, in Washington D.C., that is exactly where people are forced go to obtain their technically legal marijuana. In November 2014, the District of Columbia voted to legalize recreational marijuana, and yet Congress has done everything in its power to block implementation, forbidding any kind of organized system to be put in place for now-legal users to buy and sell marijuana.
Legal recreational weed sales grew 232% in 2015, making marijuana one of the nation’s fastest growing sectors, according to a report from the cannabis industry data and analysis firm New Frontier.
Coming in second was the electric vehicle industry, which grew by 222% last year, followed (by a large margin) by the solar panel installation industry, which grew 60%, and the Big Data sector, which grew 40%.
The cannabis industry as a whole (recreational and medical combined) still grew an impressive 31% in 2015.
For the past few years, when you think of weed, you think of Colorado. It’s the state leading the recreational legalization charge and reaping its rewards. And yet, the most infamous competition and convention in cannabis isn’t welcome in its own industry's Wild West.
The Oakland-based Harborside Health Center has closed the doors to its Portland, OR, dispensary and announced plans to focus its business solely in California. This news may come as a surprise to those who follow the cannabis industry closely, as just seven months ago Harborside’s CEO Steve DeAngelo announced plans to expand the company into nearly every legal market in the West.