April 17, 2024

politics of law

Politics and Law

Colorado Produced Almost 2 Million Pounds of Legal Weed in 2020

2 min read
Colorado cannabis growers manufactured almost 2 million lbs of legal weed in 2020, according to an yearly report just launched by the point out Marijuana Enforcement Division.

Last year’s harvests accounted for more than 1.8 million pounds of usable marijuana, including flower offered at dispensaries as perfectly as shake, trim and damp full vegetation utilized for concentrate and infused product extraction. The complete was about 25 percent bigger than the 1.37 million pounds of usable marijuana made in 2019, MED details displays.

Recreational marijuana manufacturing by yourself in 2020 outpaced 2019’s over-all numbers, with recreational cultivations pumping out over 1.38 million kilos of pot. Medical expanding functions also registered a larger output in 2020, jumping from 381,600 kilos in 2019 to 449,328 kilos.

The significant increase in generation coincided with Colorado’s greatest 12 months for cannabis sales, with dispensaries all-around the condition providing practically $2.2 billion worth of marijuana products and solutions in 2020. Not remarkably, the total selection of vegetation harvested also greater year more than 12 months, likely from 3.1 million crops in 2019 to almost 3.7 million in 2020.

As 2020 progressed, nonetheless, fewer marijuana corporations renewed their licenses. In accordance to the MED report, the range of health-related business licenses dropped from 1,409 at the start off of the 12 months to 1,147 by the conclude of 2020 at the exact same time, recreational licenses dipped somewhat, from 1,590 to 1,562.

Much less cannabis small business house owners and much more profits aligns with a report produced by the City of Denver in September. Denver’s once-a-year study showed that the number of regional firms keeping at least a single marijuana license lessened from 455 to 440 amongst 2014 and 2020, when the city’s pot¬†tax revenue much more than tripled throughout the very same period of time, going from $21.9 million in 2014 to around $70.3 million final year.

With the state’s biggest concentration of cannabis companies, Denver County was dependable for almost 50 percent of all harvested marijuana vegetation in the point out past year, according to the MED report, yielding about 776,000 pounds of cannabis. Pueblo County, a common spot for outside cultivations, arrived in next, manufacturing nearly 330,000 lbs of pot from just under 551,000 crops.

Here’s the total report:

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