Marijuana Business Factbook 2019

175 © 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 BUSINESS TAXES & FEES Application Fees Producer, Processor and Retailer: $250 License Fees Producer, Processor and Retailer: $1,480 (new and renewal) State tax requirements 37% excise tax, plus 9.6% sales tax payable by the customer at point of sale State tax collections in 2018 $359,835,081 (FY 18) SUPPLY CHAIN DYNAMICS Retail store structure For-profit allowed Number of businesses allowed Retailers: 556 (at last application cycle) Cultivators: The number of licenses is not limited, but the maximum canopy space allowed under each license type is. At this time, no more applications for marijuana businesses are being accepted. Number of licenses granted as of early 2020 Retailers: 472 Cultivators: 1,005 Processor: 1,082 Testing Lab: 14 Weighted average price per pound of marijuana $595 MARKET OVERVIEW Estimated number of in-state customers 1,500,000-1,800,000 Estimated recreational marijuana sales via retail stores in 2019 $1.1 billion (up from $1 billion in 2018)