Studies validate success of Colorado’s cannabis marketplace
Competition up …
Colorado’s marijuana industry is maturing quite nicely, thank you. That’s the conclusion of new report commissioned by the Colorado Department of Revenue, which says the industry is seeing increased competition and meeting demand for residents and tourists alike, compared to 2014 estimates that the legal market was only supplying 65 percent of demand.
“This report gives me comfort that the licensed, regulated commercial marketplace is working well and is part of the state’s continuous effort to monitor a comprehensive marijuana regulatory framework, improve transparency and use data to inform the public about Colorado’s marketplace,” Mike Hartman, executive director of the Colorado Department of Revenue, said in a press release.
