Colorado: Retail/Recreational Marijuana Licenses Increase, Medical Licenses Decrease

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By Derrick Stanley
Hemp News

The latest Colorado Marijuana Market Report finds that retail/recreational licenses are increasing in number while medical licenses are decreasing. Assistant Professor Paul Seaborn of the University of Denver’s Daniels College of Business is the producer of the quarterly Market Report.

“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,” says Seaborn. “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.”

Retail dispensary, cultivation and manufacturing licenses have all increased in number since December 2016, the report finds, while medical centers, cultivation and manufacturing licenses have all decreased.

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.