How Big is the Cannabis Market?

$57 Billion by 2024

The Medical Marijuana Market is projected to be a bigger industry than all of Professional Baseball and bigger than the global cruise industry.

Refernece: FORBES (Link)

 

National Opportunity

Thirty states and the District of Columbia currently have laws broadly legalizing cannabis products. Sales of recreational-use cannabis in California kicked off on Jan. 1, 2018. Canada’s historic legalization Bill C-45 passed November, 2017 and goes into effect October 17, 2018.

Target market comparable(s) (by population):
WA: 7.8m / CO: 5.5m / CA: 39.2m / Canada: 36.29m.

Regional: Historic & Projected

Washington State

2017 Statistics
Producers/Processors: 1,284
Retailers: 436
Consumer Purchases $2.58B
Tax Revenue: $709.6m

Calendar Year  Total Sales
2015 $31m
2016 $323m
2017 (Jan – Dec) $696m

Colorado

2017 Statistics
Producers/Processors: 1,038
Retailers: 509
Consumer Purchases $1.50B
Tax Revenue: $247.3m

Calendar Year  Total Sales
2015 $0.9B
2016 $1.3B
2017 (Jan – Dec) $1.5B

California

2017 Statistics
Producers/Processors: TBD
Retailers: TBD
Consumer Purchases $5.3B forecast

Calendar Year  Total Sales
2015 $1.5B estimated
2016 $2.7B estimated
2017-2018 ~$5.3B forecast

Oregon

2017 Statistics
Producers/Processors: +1200
Retailers: +500
Consumer Purchases $367m
Tax Revenue: $108.6m

Calendar Year  Total Sales
2015 $257m
2016 $289m
2017 $367m

Nevada

2017 Statistics
Producers/Processors: +170
Retailers: +100
Consumer Purchases $103m
Tax Revenue: $120m (projected 2018)

Calendar Year  Total Marijuana Sales
2015 TBD
2016 $53m
2017 – 2018 $103m – $286m

Market valuations subject to change without update.