City of Denver Releases Annual Report on Local Cannabis Industry

High Times

Officials in the city of Denver released its annual cannabis industry report, which covers a wealth of information about most recent data and its comparison to previous years. A report called “The Denver Collaborative Approach,” conducted by the city of Denver, Colorado, was released on September 20. This report has been consistently published every year since 2015, one year after recreational legalization was implemented. The report covers a wide variety of industry facts and figures, including cannabis taxes, sales and revenue, noteworthy accomplishments and more. “As legalization spreads across the United States, Denver remains squarely in focus. More than ever, the city is looked at to provide guidance on how it effectively implemented and continues to manage the first-of-its-kind sales and commercialization of voter-approved retail marijuana,” the report states in its introduction.  It continues to recap the fluid efforts of the Denver Office of Marijuana Policy and how it is constantly at work to ensure that the city’s cannabis industry remains compliant. “Denver continues its collaborative approach to marijuana management, remaining nimble and flexible to keep pace with the sustained growth of sales and innovation in the marijuana industry, while remaining in constant communication with the industry and residents to ensure balance among many competing interests.” In January 2014, Denver was home to 731 medical cannabis business licenses and 270 retail licenses. As of January 2021, the number of licenses is much more balanced, sitting at 441 and 476 respectively (although January 2020 showed similar results). The report’s sales data only reflects sales that were collected in 2020. Between 2019 and 2020, recreational cannabis sales increased by 18 percent, and medical cannabis sales increased by 31 percent. For the entirety of the state of Colorado during the same timeframe, recreational cannabis sales increased by 25 percent, with medical sales expanding…

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Source : City of Denver Releases Annual Report on Local Cannabis Industry

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