More Related Content Similar to Cannabis Science & Policy Summit - Day 2 - Orens (20) More from CannabisSummit (8) Cannabis Science & Policy Summit - Day 2 - Orens2. ABOUT
Leaders in economics, finance and policy
Market intelligence – policy design
Founded in 2014
Colorado MED cannabis economist
Experience in 12 states, 2 countries:
‒ Market sizing
‒ Demand estimation
‒ Market analytics
‒ Business modeling and planning
‒ Government consulting
2
4. 4
PASTMONTH
PREVALENCE—18+
6.5%
7.3% 7.5% 7.8% 8.1%
9.2%
9.8%
11.3% 11.0%
10.4%
12.7%
14.9%
6.2% 6.1% 6.0% 6.0% 5.9% 6.0% 6.4% 6.8% 6.9% 7.1% 7.4%
8.0%
0%
2%
4%
6%
8%
10%
12%
14%
16%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Colorado U.S.
6. 6
MEDICALVS.ADULT
USE
Medical – 6 percent growth
Adult Use – 88 percent growth
55.2%
41.0%
44.8%
59.0%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2014 2015
Adult Use
Medical
10. 10
ECONOMICIMPACT
7,088 jobs 3,048 jobs 10,135 jobs+ =
+ =$996 Million
Total
Impact
Secondary
Impact
Direct
Impact
Manufacturing
Retail
Cultivation
Colorado
Cannabis
Market
$1.39 Billion $2.39 Billion
12. 12
SUMMARY
Prevalence and demand
Casual users
Prices
Concentrate sales
Strong economic impact
Regulated market serving nearly 75% of demand
13. 13
DISCUSSION
Legalization
Prevalence, Users, Demand
Potency, product safety
Arrests, Incarceration costs, Illicit market
Social indicators - ???
Prohibition
Prevalence, users, demand
Illicit market prevails
Social Indicators - ???