Via ConvergEx’s Nick Colas,
Our latest quarterly report on the recreational marijuana business shows a vibrant and growing industry as more states legalize the drug.
We survey numerous stores in Colorado, Washington, and Oregon to track how a newly legalized market develops its cost structure and product mix. Our Colorado contacts reported steady pricing and customer traffic compared to three months ago, and brought in $576 million in retail marijuana sales last year – 84% more than in 2014.