This looks like wine, but it isn't |
* More than 50% of American adults aged 21+ have tried cannabis at some time
* 32% of adults 21+ in fully legal states have used cannabis in the last six months
* 25% of adults 21+ in the 33 states where cannabis is legal for medical OR recreational use have used it in the last six months.
* In states where cannabis is legal, flower (the buds you smoke) quickly loses market share to edibles and concentrates. In Colorado, flower accounted for 69% of sales in 2014, but just 43% of sales in 2018.
* Branded products are taking over. In Colorado, branded products are up to 44% of sales, which is even more impressive when you consider flower is not branded in the state. 96% of edibles in Colorado are branded. Willie Nelson, Bob Marley and Snoop Dogg have cannabis brands; so does Goop. No wonder Constellation, wine brand-sellers extraordinaire, is investing in cannabis.