Marijuana Business Factbook 2019

248 Marijuana Business Factbook 2019 Chapter 5 | Financial & Operational Data: Retailers © 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. CHART 5.20: Colorado & Washington State’s Recreational Marijuana Markets: Sales Change By Category From 2017 To 2018 Source: Headset © 2019 Marijuana Business Daily, a division of Anne Holland Ventures Inc. All rights reserved. Colorado & Washington State's Recreational Marijuana Markets: Sales Change By Category From 2017 To 2018 Vape Pens Edibles Concentrat.. Tinctures & Sublinguals Topicals Pre-Rolls Beverages Capsules Flower ($50M) $0M $50M $100M $150M Dollar Sales Change From 2017 To 2018 -40% -20% 0% 20% 40% 60% 80% Percent Change In Sales From 2017 To 2018 $144.1M 78% $52.4M 30% $36.0M 14% $14.3M 65% $13.1M 57% $8.5M 6% $6.8M 30% $2.0M 12% ($62.4M) -5% $2.0M Dabbable trates Dollar Sales Change From 2017 To 2018 Percent Sales Change From 2017 To 2018 Vape pens, concentrates and infused products are driving sales growth, with sales of vape pens increasing 78% from 2017 to 2018, an increase of more than $140 million. Certain categories ― such as beverages and topicals ― are seeing strong year-over-year percentages sales growth, but this is due to the small magnitude of the sector. Tinctures and sublinguals, for example, saw 65% sales growth from 2017 to 2018, but in 2018 this category represented less than 3% of sales in Colorado and Washington state. Although the sector is experiencing rapid year-over- year percentage growth, it remains minor relative to others.