Marijuana Business Factbook 2019

101 © Copyright 2020, Marijuana Business Daily , a division of Anne Holland Ventures Inc. You may NOT copy this Factbook, or make public the data and facts contained herein, in part or in whole. For more copies or editorial permissions, contact CustomerService@MJBizDaily.com or call (720) 213-5992, ext. 1. State-By-State: Legal Overview, Market Data and Outlook | Chapter 2 MJBIZDAILY.COM SUPPLY CHAIN DYNAMICS Dispensary structure For-profit allowed Number of businesses allowed No statewide limits, though local municipalities can choose to ban or limit the number of MMJ businesses Number of businesses operating in early 2020 Grower: 22 (A), 2 (B), 129 (C) Processor: 24 Provisioning center: 180 Secure transporter: 14 Safety compliance facility: 6 Weighted average price per pound of marijuana $2,034 MARKET OVERVIEW Number of registered patients 268,566 (down from 297,515 in late 2018) Estimated 2019 MMJ sales via dispensaries $290 million-$360 million (down from $370 million-$450 million in 2018) Note: It’s extremely difficult to project revenues in 2019, as the state has waffled in its approach to handling unlicensed MMJ businesses and has been slow to license MMJ businesses looking to operate within the bounds of the new regulatory system.