| This times 121,400,000. |
The demand for cannabis in Colorado this year has been stronger than anticipated, according to a recent state study on the industry.
A report filed by the state’s Marijuana Policy Group predicts that the demand for pot by adults 21 and over to reach around 121.4 metric tons this year. That’s 31 percent higher than previously estimated by the Colorado Department of Revenue.
The study, using point-of-sales, tax and tourist data to predict demand, also notes that tourists are responsible for around 90 percent of retail marijuana sales in heavily visited mountain communities, compared to 44 percent in Denver and Jefferson Counties. Tourists are also paying more, according to the study, which points out that strains in mountain communities were priced 50 to 100 percent higher than similar buds in Front Range shops.
Read more over at the Denver Westword.