Colorado

Market Map

Colorado
Cannabis Market

Colorado Cannabis Market At-A-Glance

Overall Rating: B

Colorado was one of 2 states to legalize recreational cannabis for the first time in 2012. The state has some of the best experience in administering licensing and licensing structure. In February 2021, Colorado opened up for delivery licenses on a Social Equity basis. Since Colorado is one of the original cannabis markets, it’s saturated and has established brands.

Medical Use: Yes

Adult Use: Yes

Market Potential

Expected to increase post COVID-19 restrictions. The licensing distribution has very intricate and lengthy laws.

Licensing

A+

No caps. No mandated distribution of licenses.

Competition

As Colorado has been legalized for almost 10 years, the market is very saturated.

Tax/Regulatory Structure

1 excise tax

Colorado Cannabis Details

Population (Rank)

5,079,000

#21

Size/Density

55 sq. miles

#39

Medical Cannabis?

Yes

2000

Adult-Use Cannabis?

Yes

2012

2020 Medical Sales

2022 Projected Medical Sales

$394,000,000

360,000,000

-8.6%

2020 Adult Use Sales

2022 Projected Adult Use Sales

$1,300,000,000

$2,100,000,000

+62%

Regulatory Agency

Colorado Department of Revenue, Marijuana Enforcement Division

https://sbg.colorado.gov/marijuanaenforcement

# of Dispensaries (allowed/issued)

No limit

Medical: 468 Issued Retail: 553 Issued

# of Cultivators (allowed/issued)

No limit

Medical: 662 Issued Retail: 716 Issued

# of Manufacturers (allowed/issued)

No limit

Medical: 238 Issued Retail: 285 Issued

# of Testing Labs (allowed/issued)

No limit

Medical: 11 Issued Retail: 12 Issued

Vertical Integration?

Required

Residency Requirements?

Yes

Social Equity?

Yes

Cannabis Taxes

Combined Tax Rate

15%

Excise Tax

15% excise tax (levied at wholesale by weight at average market rate); 15% excise tax (retail price)

Licensing Fees (per year)
^{*Varies based on gross revenue}

Cultivation

$1,800

Manufacturer

$1,800

Testing

$1,800

Retailer Transporter License Fee

$4,700

Application Fees

Dispensary

$4,500 ($9,000 Type 1, $16,000 Type 2, $22,000 Type 3 medical)

Cultivation

$4,000 ($2,500 medical)

Manufacturer

$4,000 ($2,500 medical)

Retail Testing

$2,000

Retail Renewal

$1,00

Transporter License

$4,900 (2 years)

Retail Marijuana Establishment Operator License

$2,700

09/09/2021

Market Map

Colorado Cannabis Market At-A-Glance

Colorado Cannabis Details

Cannabis Taxes

Licensing Fees (per year) *Varies based on gross revenue

Application Fees

Licensing Fees (per year)
^{*Varies based on gross revenue}