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Colorado Produced 1.8 Million Pounds of Legal Cannabis in 2020, Report Says
As Marijuana Enforcement Division stated in a report, cannabis cultivators produced 1.8 million pounds of legal marijuana in 2020.
In comparison with 2019, when 1.37 million pounds of usable marijuana were produced, the amount of usable marijuana in 2020 was 25% higher — 1.8 million pounds, according to MED.
In 2020, recreational marijuana amounted to 1.38 million pounds of pot which exceeded 2019’s quantity. Medical marijuana production in 2020 also surpassed 2019’s results (381,600 pounds), achieving 449,328 pounds.
Along with an increase in production, marijuana sales had the highest results in 2020 in Colorado, with dispensaries selling almost $2.2 billion worth of marijuana products. The number of plants harvested also grew to 3.7 million plants in 2020 compared with 3.1 million in 2019.
As MED noted, in 2020, the number of medical licenses awarded at the beginning of the year was 1.409, decreasing to 1.147 by its end. What concerns recreational licenses, the drop was slight: from 1.590 to 1.562.
In September, the City of Denver also reported fewer marijuana business owners and increased revenue which agrees with the MED report. The City of Denver noted that the number of business owners holding at least one marijuana license dropped from 455 to 440 between 2014 and 2020. However, Denver’s marijuana tax revenue jumped from $21.9 million in 2014 to more than $70.3 million in 2020.
According to the MED report, the City of Denver harvested almost half of all marijuana plant yield in Colorado State last year. The total number amounts to more than 776,000 pounds. The County of Pueblo became the second one producing almost 330.000 pounds of pot from nearly 551.000 plants.