Cannabis Business Alliance applauds Colorado’s impressive growth while noting regulatory challenges ahead
Colorado has released the cannabis industry sales report for 2015, with total sales reaching more than $996 million, an increase of more than 42 percent over the previous year.
The Cannabis Business Alliance (CBA) noted this impressive industry growth even as many of its members prepare for more regulatory challenges ahead.
“With greater growth and continuation of operators entering the industry, Cannabis Business Alliance members and Colorado operators have continually set the standard of the maturing industry nationwide, impressively thriving amidst increasing regulation, including stamping, equivalency, and pest management,” said Mark Slaugh, CBA Board member and iComply CEO.
“Amidst these regulatory hurdles, CBA and its members continue to be committed to protecting the health, safety and welfare of the public," Slaugh said. "We are especially focused in protecting our adolescents and youth, by encouraging and actively supporting adult-use education, responsible parenting, and pragmatic and sensible regulations.”
During the second full year of recreational cannabis sales, Colorado retailers sold more than $587 million of recreational cannabis and more than $408 million of medical cannabis. In 2014, the total sales of medical and recreational cannabis in Colorado added up to roughly $700 million, making this year’s growth an impressive 42 percent.