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Department of Revenue releases annual marijuana report

The Marijuana Enforcement Division of the Colorado Department of Revenue released its first annual update on marjiuana.

The report focused on the statistics for both licensed medical marijuana businesses and retail marijuana establishments in Colorado. It contains specific data related to the licensed retail and medical segments of the industry that includes marijuana plant and flower; infused products; mandatory testing results and due diligence investigations and administrative actions in Colorado.

“The Marijuana Enforcement Division feels that it is imperative to remain transparent on such a highly publicized issue in Colorado. It is the goal of MED to ensure that information of this nature is made available so that the public can fully understand the scope and nature of this newly regulated industry,” said Lewis Koski, Director of the Marijuana Enforcement Division.

You can read the full reporthere.

Below are highlights from the annual update:

833 retail establishment licenses and 1,416 medical business licenses as of December 2014

Approximately 110% increase in retail business licenses and 6% increase in medical business licenses

15,992 occupational licenses as of December 2014

68% non-renewal rate for occupational licenses

109,578 pounds of medical marijuana flower sold

38,660 pounds of retail flower sold

1,964,917 units of medical edible products sold

2,850,733 units of retail edible products sold

Approximately 3,200 MED due diligence and complaint investigations performed and closed

98.2% pass rate for potency tests on edibles

99.2% pass rate for homogeneity tests on edibles

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