Cultivation licenses are a strong proxy for activity and growth in the cultivation supplies market.
Colorado now has more than 1,450 cultivators licensed to grow its medical and adult-use cannabis.
As the number of medical cultivators remained steady since 2014, licensed adult-use cultivators meanwhile increased nearly 2.5x, with an annual growth rate of 33.5%, or 28x faster than their medical peers.
New Frontier Data and GrowGeneration project 2017 revenues for cultivation supplies and equipment to have grown by 30% in Colorado.
