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128% Quarterly Growth in Concentrates Since Q1 2016 in CO – Your Weekly CannaBit

September 17, 2018 by Emerald Media Group Leave a Comment

This information was provided by newfrontierdata.com

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  • In 2017, rising sales of concentrates in Colorado represented nearly 30% of all retail cannabis sales.
  • While in Q1-2016 sales of medical concentrates were 44% higher than for adult-use sales, preferences had flipped by Q4-2017 as adult-use sales outpaced medical sales by 6%.
  • Overall, the number of concentrates sold per adult cannabis consumer in the state grew more than 58%, from 10.4 grams per person per year in 2016 to 16.5 grams in 2017.
  • Surging demand for concentrates significantly impacts the cannabis supply chain. Some growers are establishing specific cultivation facilities for flower extraction
  • Sales of concentrates are spurring dramatic parallel growth in sales of vape hardware and dab rigs (oil consumption devices).
  • Colorado offers an indication of the demand trajectory for concentrates as adult use markets expand nationally.
  • Consumers in the illicit market prefer flower, access to concentrate products quickly shifts their preferences, with concentrates and accessories becoming increasingly popular among their shopping carts.

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