Cannabis is recognized as the most dynamic area of the Colorado economy
The rapid growth of the Colorado konoplevodstva resulting in higher overall profits of the market, the price of which amounted to 996 million dollars at the end of last year (which itself is 42% higher than the final market profit for 2014). During the first half of 2016, the market was able to earn $ 486 million in net profit, which is 36% higher than market wages for the same period last year.
Ongoing for several years hemp boom business in the US has brought not only higher profits for business and revenues in the budgets of various levels of the United States, collecting taxes from legal cannabis market. According to one of the consulting companies specializing in the hemp market research, demand for production of hemp raw materials has created an unusually dynamic development of new companies and brands in all areas of the US industry.
According to the presented data obtained in consideration of a single hemp Colorado market in the period from May 2015 to June 2016 it appeared on the market 93 new companies successfully engaged its brand promotion and sale of cannabis products, particularly hemp food and concentrates electronic vaporizers.
"Most of our team worked in other industries, before we founded the company, is engaged in consultation participants hemp market," says director Roy Bingham aforementioned companies, "But we have never seen the scope of business with the business dynamics." "Cannabis market in Colorado and other US states is rapidly developing, creating new applications of hemp raw materials. In this case, re-organize the company engaged not only in the production of hemp products, but also service other participants hemp market. In terms of technical innovation and the dynamics of the development of enterprises, hemp US industry has long overtaken the IT sector. "
According to estimates of experts, the market of cannabis concentrates, which brought the last six months about $ 111 million profit, up 114% compared with the beginning of last year, is now representing about 23% of all sales in the Colorado cannabis market. At this point, it is the fastest growing category of products in the US market, representing in the May 2016 103 different companies. Of these, 10 of the most highly profitable revenue brought its founders in $ 50 million, thereby controlling 45% of the concentrates market. Next ten companies in terms of profit belongs to 11% of the market. Of these 103 companies, more than 50%, ie 53 organizations started their activities only in 2016. These newcomers accounts for 13% of the market, with an average income of $ 15 million for the company.
The sale of hemp food since the beginning of 2016 involved 99 companies. Of these, a dozen leaders control 71% of the market, while the "top twenty" owns a total of 87% of the market. About 45 companies from this segment only opened at the beginning of 2016, of which three companies, which were included among the leaders, with sales in excess of $ 1 million dollars in just six months since the opening. Among them are brands Leafs by Snoop, Americanna and Stratos. Other 42 freshman are much more modest, but gradually increasing profit, taking into account that an average of 6 months each of the companies entered the market earned about $ 22 million.
Undoubtedly, such a rapid growth in Colorado konoplevodstva resulting in higher overall profits of the market, the price of which amounted to 996 million dollars at the end of last year (which itself is 42% higher than the final market profit for 2014). During the first half of 2016, the market was able to earn $ 486 million in net profit, which is 36% higher than market wages for the same period last year.
"Hemp market continues to grow with new companies and individuals, bringing their brands and ideas," Mr. Bingham said. "Other markets, such as the same IT industry, mainly represented by monolithic corporate giants and Treasury / they created subsidiaries. At the same time, hemp market is a lot of young companies that compete with each other and located in the dynamic development. This is especially surprising against the background of the overall US economic climate and the state. Most importantly, the hemp market continues to grow, showing no inclination to slow down the development process. "
Information taken from the site http://tku.org.ua