Marijuana Business Factbook 2019

241 © Copyright 2020, Marijuana Business Daily , a division of Anne Holland Ventures Inc. You may NOT copy this Factbook, or make public the data and facts contained herein, in part or in whole. For more copies or editorial permissions, contact CustomerService@MJBizDaily.com or call (720) 213-5992, ext. 1. Financial & Operational Data: Retailers | Chapter 5 MJBIZDAILY.COM RETAIL TRENDS CHART 5.13: Share Of Adult-Use Cannabis Sales In Colorado & Washington State By Category & Year Source: Headset © 2019 Marijuana Business Daily, a division of Anne Holland Ventures Inc. All rights reserved. Share Of Adult-Use Cannabis Sales In Colorado & Washington State By Category & Year Flower Dabbable Concentrates Vape Pens Edibles Pre-Rolls Capsules, Tinctures & Sublinguals Topicals Beverages 49.5% 57.9% 62.2% 13.3% 13.0% 11.6% 14.7% 9.1% 6.7% 10.0% 8.5% 8.5% 7.0% 7.4% 7.3% 2.5% 2.0% 1.5% 1.6% 1.1% 0.9% 1.3% 1.1% 1.3% 2016 2017 2018 As the cannabis marketplace matures, consumer preferences shift and innovations in infused products come to market, demand for flower has declined precipitously. Vape pens, for example, are enjoying broad appeal among consumers, especially casual users who find traditional smoking unappealing and consumers wishing to take advantage of its portable and discrete nature. Edibles, too, are rising in popularity as a way to consume cannabis discretely and in small doses. Vape pens are slightly more popular, however, in part because of onset delays with edibles and longstanding beliefs that edibles are inconsistent in dosing. Beverages represent only a small portion of total recreational marijuana sales and have neither increased nor decreased as a market segment between 2016 and 2018. Despite this, there has been a lot of recent interest in the infused beverages segment from major alcohol companies, including Constellation Brands, Molson Coors and Lagunitas.