Colorado Legal Cannabis Market Sees Sustained Growth Through 2030

LOS ANGELES- A recent industry report estimates that Colorado’s legal cannabis market, valued at approximately USD 2.59 billion in 2024, is projected to expand at a compound annual growth rate (CAGR) of 12.9% between 2025 and 2030—reaching around USD 5.53 billion by 2030. Growth drivers include regulatory stability following the 2000 legalization of medical cannabis and the 2012 introduction of recreational use, increased adoption of high-potency products such as concentrates, and government-led initiatives like the 2023 Cannabis Business Loan Program, which is designed to boost capital access and support industry employment.

The market landscape is characterised by strong segments in indoor cultivation—holding over 56% of revenue in 2024—and recreational use, which accounted for approximately 67% of total market value. CBD products represented nearly 65% of derivative revenue, driven by consumer interest and regulatory clarity. Event highlights include acquisitions such as TREES Corporation’s Green Tree dispensary purchase and Medicine Man Technologies’ acquisition in Aurora and Denver, reflecting heightened consolidation activity. The market is also evolving in cultivation methods, with greenhouse operations gaining momentum due to lower operational costs and environmental benefits relative to traditional indoor facilities.