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Colorado sells 20 tons of recreational weed yet demand for medical marijuana remains high

Colorado has allowed the use of marijuana for medical purposes for almost a decade-and-a-half, but the state only legalized the sale of cannabis for recreational purposes in January 2014. With a relatively well-established industry geared up for the production of medical weed and less stringent guidelines for obtaining the bud, it was thought that Colorado could see market cannibalization as some medical users began to use drugs bought for recreational purposes — but after a full year of sales, the state's data suggests otherwise.  Instead of splitting the existing market into segments, Colorado's new law actually expanded the overall market for legal marijuana.

COLORADO SOLD MORE THAN $700 MILLION WORTH OF CANNABIS IN 2014

In a lengthy report, the Colorado Department of Revenue details how the introduction of recreational marijuana has strengthened the overall market. In an earlier 12-month period between July 2012 and July 2013, before...

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URL: 
http://www.theverge.com/2015/3/3/8139689/colorado-medical-marijuana-legal-weed-demand-high