California now prepares to take hold of its new market for the legalized sale of marijuana following the example of Colorado. As it does so, it is already conspicuously visible that is resembles marijuana Colorado retail trends so closely. California now prepares to take hold of its new market for the legalized sale of marijuana following the example of Colorado. As it does so, it is already conspicuously visible that is resembles marijuana Colorado retail trends so closely.
Contrary to the fact that California hasn’t been a retail market for pot, the marijuana industry here, is on its way to become one of the country’s largest. What astounds experts at this point of time is how the trends in Colorado’s market have affected California. The latter, despite being a medical market, predicts the promise of a recreational market, just like Colorado.
Studies prove that the Californian cannabis industry is by far, the largest ever; larger than even Colorado and even Washington for that matter (despite that they fact that they legalized pot retail in 2014). The consumer behavior is, however, already reflecting that of the already established industry in Colorado.
How Close are Marijuana Colorado and California Pot Retail Trends?
Well, when it comes to marijuana business in Colorado and California, we may be able to draw some very close parallels in some aspects. This is what the sales data from both the states in the months of March to July reveals
Colorado California Preference for flower (similar variety and strain) Yes YesFlowers bought by medical marijuana patients from dispensaries 47% 55%Hybrid strain sales (Blue Dream and Gorilla Glue) 1/3rd of total sale (approx) 1/3rd of total sale (approx)
However, when we look at the concentrates, we may see an entirely different scene. Astoundingly, consumer preferences differ when we go into product specifications
|Vaping/Dabbing||Dabbing||Vaping (prefer pre-filled cartridges of hash oil)|
Research also reveals that distillate is way more popular amongst THC vape lovers in Colorado than it is in California. Even before the polls, despite the rate being the same, the variety of cannabis sold in the both states was different
What We Construe about Marijuana Business in Colorado
The conclusions that experts are making is that the trends in data that both Colorado and California present are comparable. This, however, comes with a rider. The sizes of both the markets of both the states are far from comparable.
Here is a comparison we are really looking at
Legal cannabis sales in Colorado from March to July – $653.33 million approx.
Legal cannabis sales in California from March to July – $1.13 billion approx. (Medical use only)
The government has still not thrown the recreational market for California open yet. These kinds of sales at such an initial level are indeed overwhelming.
Nevertheless, it only spells good news for Colorado because you can still enjoy low prices in this state. Right! You can still buy cheaper marijuana flower, concentrates as well as cartridges at lower prices as compared to California. While the flower in Colorado costs $8.15 per unit (average), concentrates and cartridges are available for even lower average price per unit. It is however, working out very well for Colorado as it plans to get voted for dedicating marijuana taxes to mental health care.