The Colorado Marijuana Enforcement Division recently issued its 2016 mid-year report, documenting supply chain data from Jan. 1 to June 30, 2016. The report details data on sales volume, occupational licenses, business licenses and plant cultivation, among other data points.
Medical Sales Volume Shrinking
For the first part of 2016, the medical marijuana market saw a decrease in sales volume for flower and edibles as compared to the same reporting period in 2015.
Medical marijuana retailers sold 80,721 pounds of flower from January to June 2016. With the recreational market logging 73,064 pounds of flower, the medical market captured 52% of total flower volume, a drop of 6% from mid-year 2015.
As for edibles in the first six months of 2016, the medical market sold 1,082,932 units, accounting for 25% of total edibles sales volume, whereas it accounted for 32% in the first six months of 2015.
Overall, from mid-year 2015 to mid-year 2016, the total edibles market grew by 21.56%.
Occupational Growth and Turnover
The ability to work in medical and recreational marijuana facilities means you have to pay to play, but that didn’t stop the total number of active occupational licenses from increasing significantly by mid-year 2016 as compared to the same time period in 2015.
With 30,391 active occupational licenses by the end of June 2016, there was a 42.44% increase from the 21,336 active licenses in June 2015.
On the flip side, mid-year 2015 did have a higher occupational license renewal rate than mid-year 2016; January to June 2015 had a 47.02% renewal rate, while January to June 2016 had a 37% renewal rate, suggesting an increased employee turnover rate in the first half of 2016.
Business Licenses and Plants Creeping Higher
As the number of active occupational licenses continues to rise in Colorado, so too does the number of business licenses issued and the number of plants cultivated.
The state reported a total of 2,767 medical and retail business licenses for the first half of 2016, a slight increase from the 2,452 licenses recorded in the 2015 mid-year report.
As for plants cultivated, “On average, there were an additional 225,917 plants cultivated per month in 2016 compared to the first six months of 2015,” according to the current report.
In regards to the number of plants cultivated per county, Denver County maintained its rank as the county with the greatest number of cultivated plants. For mid-year 2015, the county had 61-63% of the state’s total plant count; for mid-year 2016, it had 60% on the last day of each month from January to May, but dropped slightly to 59% on the last day of June.