Report: Federal Reserve Bank of Kansas City -“Is the Colorado Marijuana Industry Showing Signs of Maturation?”

Report: Federal Reserve Bank of Kansas City -“Is the Colorado Marijuana Industry Showing Signs of Maturation?”

Is the Colorado Marijuana Industry Showing Signs of Maturation? Alison Felix, Senior Policy Advisor, Sam Chapman, Associate Economist, and Jordan Bass, Research Associate DECEMBER 31, 2019 | This issue of the Rocky Mountain Economist provides an update on the economic impacts of the marijuana industry in Colorado and evaluates signs of maturation within this industry nearly six years after the first recreational marijuana storefronts opened. Colorado, which opened recreational stores in January 2014, has the longest-running legalized marijuana market in the United States. Since stores opened, Colorado’s marijuana sector has exhibited rapid growth of firms, total sales, tax revenues and employees. However, the strong growth of marijuana sales and new business entrants began to slow in 2017 and 2018, suggesting the industry may be moving into a more mature stage of development. However, because sales are up sharply this year, it may be too soon to declare the marijuana sector’s growth has slowed permanently. This issue of the Rocky Mountain Economist provides an update on the economic impacts of the marijuana industry in Colorado and evaluates signs of maturation within this industry nearly six years after the first recreational marijuana storefronts opened. The State of the Cannabis Industry in the Nation Historically, the legality of cannabis—a generalized term used to describe…

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Source : CANNANNEW REPORT
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