US (CO): Growers cultivated 24% more cannabis in 2020, report says

Colorado cannabis cultivators produced a record total weight of cannabis during the pandemic, according to an annual update from the Colorado Department of Revenue (CDOR). The report says legal growers produced more than 1.8 million pounds of cannabis last year, representing a 24% increase compared to 2019. More than 72% of the total cannabis produced went to “adult use” products such as flowers, edibles, and concentrates.

Total cannabis sales reached $2.19 billion last year - up from $1.74 billion in 2019 - according to the state's data, while $1.35 billion has been sold as of July this year.

The average seed-to-sale time was 126 days in 2020, a decrease of six total days since 2017, according to CDOR data. Cultivators achieved this by decreasing the average number of vegetative days for the plant from 55 days in 2017 to 46 days last year. In all, cultivators used more than 3.7 million plants to generate Colorado’s total weight, CDOR said.

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