WeedLife News Network
Cannabis Flower Most Popular Form of Consumption in Colorado
New Frontier breakdown analyzes Colorado cannabis flower trends and finds that flower is still on top, despite all the available alternatives.
New Frontier Data reviewed Colorado sales data and found that among the wide variety of product available to consumers, flower still reigns supreme.
A new analysis of Colorado’s cannabis sales data was presented by New Frontier Data on November 2. Using data from the Colorado Marijuana Enforcement Division, the company found that between 2014 and 2020, cannabis flower sales have increased exponentially.
In terms of pounds of flower sold to consumers within that seven-year period, the state sold 148,000 pounds in 2014 and gradually increased to 584,000 pounds by 2020, with a compound annual growth rate of 26 percent.
“That flower sales continue to increase at such a pace seven years since the market launched suggests that smoking flower will remain a durable preference for the foreseeable future,” New Frontier Data Chief Knowledge Officer and author John Kagia wrote in his analysis. “However, the dominance of flower belies the seismic changes happening to consumer behavior and highlights the imperative for producers and brands to understand the tides of evolving consumer preferences.”
Although Colorado shows strong growth in flower sales, the individual breakdown of consumer preference is in flux. New Frontier Data’s 2021 Cannabis Consumer Evolution report notes that 57 percent of consumers use both flower and non-flower products, with only 19 percent saying they don’t choose flower over other options.
Those who consume cannabis products less frequently were found to only use flower, whereas those who consumed often were more likely to use a variety of cannabis products. Additionally, in gender demographics, women were less likely to choose flower in comparison to men. Medical cannabis patients also reported not using flower when treating their ailments, due to the increased risk of smoking on their health.
Black market sales also have an interesting effect on flower popularity. New Frontier Data found that 33 percent of consumers who live in illegal markets are more likely to smoke flower exclusively, whereas only 22 percent of those who live in regulated markets will choose flower. Twenty-eight percent of consumers who purchase their cannabis products from physical retail stores or delivery services were more likely to buy non-cannabis flower products, in comparison to only 13 percent who would purchase from “informal sources.”
Cannabis flower may be the most prominent form of consumption, but in the years to come, New Frontier Data predicts that it will slowly become less popular in favor of the growing variety of non-flower products. “The fragmentation of the product landscape is quickly reshaping the flower-dominant segment of the market; based on current trends, consumers who use flower exclusively are likely to become increasingly dominated by older, male and less-frequent users.”
© 420 Intel
When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.