Colorado Numbers
- In 2014, Colroado posted $699 Million in rec/med sales.
- 40,000 lbs of marijuana sold in CO
- 2.85 Million medicated treats sold in CO.
Edibles in Colorado
- Edibles up 300% from med to recreational
- $15-17 for a pack of medicated candy
- reatil locations selling out of medibles within an hour
Nationwide sales
- Dixie Elixirs is set to offer nationwide sales
- $1.3 Billion in medical marijuana sales in CA
- Consuming Marijuana in food form is more accessable and widely accepted by those who feel a stigma with smoking it.
- 23 states and DC have legal medical marijuana laws in place
- 5 states are on ballot or already have voted to have recreational
- CO and WA are first to offer recreational.
Marijuana laws
Fresh news on the table March 9, 2015: The senate proposes a new bill to change the Federal classifcation of marijuana, removing it from the Class 1 Schedule, which states no medical uses. Also this bill will open up and allow for interstate transport. This would mean, not having to open new grow facilities in every state we enter to do work. We can keep the focus on the land that we buy in Colorado! For more info, follow the link below to the article.
Looking at Colorado's numbers for it's first year of legalization, we can extrapolate a lot of useful information applicable to our business development.
- 113,000 Medical RED card holders in Colorado
- $24.7 million in recreational marijuana and $28.65 million in medical cannabis was sold in June.
- Two-thirds of registered patients are men (average age: 41)
Marijuana useage via medical RED cards shows the median age of patients to be 41. Today this demographic consists of middle aged people and older, Offering medical marijuana card holders and seniors discounted prices is not only a valuable goodwill gesture, but a great business idea. People will tell their friends, word of mouth sales will be the direct result. This age group, 40-80, are in a large part the direction this business is geared towards as they come from a better income bracket. This would help in the sales of desserts, edible carry out sales, as well as the monthly purchases of art from our gallery. You can read the article on the link below.
http://www.tokeofthetown.com/2014/09/colorado_medical_marijuana_patient_numbers_slowly.php
DEMOGRAPHICS
Forbes Magazine article about a medicated chocolate company
- Edibles company focused on chocolate bars, can't keep up with demand.
- $15-20 for one 10mg. medicated chocolate bar
- Massive company growth in just six months
- Further proof of concept, but must move quickly to make it FIRST to market.
Below are various links and research about the new Marijuana industry, that show what an incredible opportunity it is to get involved at the beginning of this movement and be first to market. Marijuana has been used by humanity for thousands of years as medicine. Our bodies are designed with cannabanoid receptors, which allow the terpinols with medical properties, to benefit our body. More and more information is coming out every day, and the general populace is starting to accept that marijuana has incredible medical properties that can cure and treat a number of ailments and diseases.
WEB ARTICLES - click on image to visit articles
RESEARCH
Currently, there are three states, Alaska, Colorado and Washington offering retail recreational Marijuana, with Oregon and DC just entering the retail market. Plus 23 states that allow for medical Marijuana sales. As the legalization game changes across the country, more and more markets will open for potential business. To start now, and gain a foothold before mass legalization, we will be able to work out the kinks and perfect the business. As each state changes to recreational sales, we will be able to come in and open another Soleil Gourmet in that state. This is literally the beginning of my McEmpire!