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The month of June was another milestone for Colorado’s<\/span> legal cannabis market, with monthly sales surpassing $200 million<\/span> for the first time. Sales in Colorado<\/span> grew 5% consecutively from May 2020<\/span> and over 30% year-over-year compared to June 2019<\/span>. According to BDSA’s most recent wave of Consumer Insights research, 72% of Colorado<\/span> residents (adults, 21+) are now either consuming or open to consuming cannabis products, driving product innovation to meet consumer expectations for accurate dosing, consistent experiences, and specific wellness benefits.<\/p>\n In the first half of 2020, Colorado’s<\/span> legal cannabis sales reached $980 million<\/span>, increasing 19% from the same period a year ago. During the same time period, flower sales increased by a remarkable 36% in the category over the same period a year ago as consumers flock back to this traditional form of consumption.<\/p>\n In June, flower sales accounted for over 48% of total monthly sales. Pre-rolled joints generated $11.2 million<\/span> in sales for June 2020<\/span> and were also up a dramatic 26% from June 2019<\/span>. Other major product categories also experienced strong growth. The $58.2 million<\/span> in concentrate sales during June 2020<\/span> represented a 13% increase from the same period in 2019 and sales of all ingestible products generated $29.8 million<\/span>, a 22% increase from June 2019<\/span>.<\/p>\n For more information, please visit www.bdsa.com.<\/p>\n About BDSA MEDIA CONTACT<\/strong><\/p>\n North 6th Agency Tags:<\/b> North 6th Agency
<\/em><\/strong>Headquartered in Boulder, Colo., BDSA (formerly BDS Analytics) helps businesses improve revenues, reduce innovation risk and prioritize market expansion. The company provides a holistic understanding of the cannabinoid market by generating comprehensive, accurate and actionable insights across point-of-sale data, consumer research and global cannabis industry forecast models, available through the award-winning GreenEdge® data platform. To learn more about how you can utilize BDSA’s market research and insights, please visit www.bdsa.com.<\/p>\n
Carrie Booze<\/span>
212.334.9753, ext. 142
bdsanalytics@n6a.com <\/p>\nSee Campaign: <\/strong>http:\/\/www.bdsa.com.<\/a>
Contact Information:<\/b>
North 6th Agency
\nCarrie Booze
\n212.334.9753, ext. 142
\nbdsanalytics@n6a.com<\/p>\n
<\/a>, Wire<\/a>, Legal Newswire<\/a>, United States<\/a>, English<\/a><\/p>\n<\/div>\n
\nContact Information:<\/h3>\n
\nCarrie Booze
\n212.334.9753, ext. 142
\nbdsanalytics@n6a.com\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"The month of June was another milestone for Colorado’s legal cannabis market, with monthly sales surpassing $200 million for the first time. Sales in Colorado grew 5% consecutively from May 2020 and over 30% year-over-year compared to June 2019. According to BDSA’s most recent wave of Consumer Insights research, 72% of Colorado residents (adults, 21+) are now either consuming or open to consuming cannabis products, driving product … Continue reading Colorado Legal Cannabis Market Passes Historic Milestone<\/span><\/a> Continue Reading