Demand For Medical Marijuana Plummets In Colorado
Medical marijuana has been available at dispensaries in Colorado for awhile now. Until recently, there has been a fairly steady growing demand for medical marijuana. However, in November demand plummeted in Colorado. Sales for recreational marijuana held steady during the same time. Recreational sales have been allowed for a little over a year in Colorado. Per The Cannabist:
Colorado’s legal cannabis industry experienced an unusual autumn in 2014 — one that saw recreational pot sales reach a plateau of sorts as demand for medical marijuana took a nosedive.
Medical marijuana sales in Colorado tanked in November as they dropped nearly 17 percent from the previous month, according to just-released data from the Department of Revenue. Medical dispensaries sold $27.5 million of cannabis in November, a big downturn from October’s $33.1 million in medical revenues. Meanwhile the state’s recreational weed sales are holding strong — with $31.2 million in November and $31.6 million in both October and September.
It’s tough to say what caused the dip in medical marijuana sales. I’m sure people will be quick to point to recreational marijuana as the cause. However, if recreational sales remained steady during the same time, obviously people didn’t switch from buying at dispensaries to recreational stores. Patients simply didn’t buy as much marijuana from dispensaries during that time. Did they go back to the blackmarket, where prices are much cheaper? Did they just not buy any marijuana at all?