December 2017 Overview:
Sales at Colorado’s adult-use and medical dispensaries were more than $130 million in December, a 10 percent increase from the previous year. December’s take moved total sales for 2017 to more than $1.5 billion, a 15 percent increase from 2016. Adult-use sales of $98 million for December grew 17 percent from the previous year, while sales at medical dispensaries declined eight percent to $32 million. Compared to November, the industry experienced a seasonal sales increase of seven percent.
In December, flower contributed 46 percent of all revenues with $60 million in sales. Flower sales declined nine percent from the previous year. Pre-rolled joints, which are tracked separately from flower, generated $7.7 million in sales for December. This is a 37 percent increase from the previous year.
Concentrate sales in December grew 47 percent from the previous year. With $39 million in sales coming from concentrates, the category contributed 30 percent of revenues for the month. Vape sales were $15.8 million in December, $6.4 million more than in December 2016, resulting in a 69 percent increase.
Sales of edibles were $20 million in December, a 13 percent increase from December 2016. Candy, the largest sub-category within edibles, generated $9.6 million in sales in December, a 16 percent increase over the previous year. Chocolates, the next largest sub-category, grew a more modest 10 percent from December 2016.
Retail sales volume and change from December 2016 to November 2017 (adult-use and medical channels):
Category | November Sales | Growth from October 2017 | Growth from November 2016 |
---|---|---|---|
Flower: | $59.7M | 3% | -9% |
Pre-Rolls: | $7.7M | 19% | 37% |
Concentrates: | $38.7M | 9% | 47% |
• Live Resin: | $4.2M | 6% | 113% |
• Oils: | $2.4M | -2% | 26% |
• Shatter: | $6.9M | 4% | 24% |
• Vape: | $15.8M | 16% | 69% |
• Wax: | $6.9M | 4% | 30% |
Edibles: | $19.8M | 10% | 13% |
• Beverages: | $1.3M | 9% | 19% |
• Candy: | $9.6M | 10% | 16% |
• Chocolates: | $4.2M | 19% | 10% |
• Infused Foods: | $1.4M | 8% | Flat |
• Pills: | $1.5M | 2% | 23% |
• Tinctures: | $1.5M | 5% | 15% |
Topicals: | $2.2M | 19% | 25% |
Dawne Morris
Passion Pusher
www.proteus420.com