Marijuana Licenses on the Rise in Colorado
Marijuana market report prepared by DU professor Paul Seaborn
The latest Colorado Marijuana Market Report finds that retail/recreational licenses continue to increase in number while medical licenses are now decreasing. Despite the decrease, the total number of marijuana business licenses continues to grow. The quarterly market report is produced by the University of Denver’s Daniels College of Business Assistant Professor Paul Seaborn.
“The total number of active marijuana business licenses issued by the Colorado Marijuana Enforcement Division is at an all-time record high of 2,971, up from 2,913 in December 2016,” Seaborn says. “52.5 percent of active licenses are for medical marijuana businesses, down from 54.5 percent in December 2016. 47.5 percent are for recreational/retail businesses, up from 45.5 percent.”
The report finds that retail dispensary, cultivation and manufacturing licenses have all increased in number since December 2016 while medical centers, cultivation and manufacturing licenses have all decreased.
The study also finds that Log Lane Village has entered the top 15 city list. The town of about 900 people in Morgan County has 18 active licenses. Denver, Colorado Springs, Boulder, Pueblo and Pueblo West remain the top five cities for marijuana licenses. Trinidad has now passed Aurora in sixth place.
In addition, the Green Solution is now the third largest license-holder in the state, passing SweetLeaf.
“Native Roots and LivWell continue to have the largest number of licenses operating under a single name but each have fewer active licenses than in December 2016,” Seaborn says. “The Green Solution is now the third largest license-holder in the state with 33 licenses. No single organization name represents more than 2.1 percent of the state’s licenses.”
The Colorado Marijuana Market Report will be a quarterly publication by Seaborn analyzing the data from the Colorado Marijuana Enforcement Division (MED) and other sources.