Marijuana Business Factbook 2019

247 © 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. Financial & Operational Data: Retailers | Chapter 5 MJBIZDAILY.COM CUSTOMER & SALES DATA CHART 5.19: Recreational Cannabis Sales In California, Colorado, Oregon, Washington State & Nevada: Breakdown By Year Note: Colorado sales data provided by the Colorado Department of Revenue. California, Nevada and Washington state sales data provided by Headset. Oregon sales are es�mates made by Marijuana Business Daily. Source: Colorado Department of Revenue, Headset, Marijuana Business Daily © 2019 Marijuana Business Daily, a division of Anne Holland Ventures Inc. All rights reserved. Recrea�onal Cannabis Sales In California, Colorado, Oregon, Washington State & Nevada: Breakdown By Year $0B $1B $2B $3B $4B $5B $6B Total Retail Marijuana Sales 2014 2015 2016 2017 2018 CO $1,214M CO $1,091M CO $862M CO $578M CO $303M WA $41M OR $300M NV $199M WA $1,020M WA $930M WA $700M WA $360M OR $600M OR $475M NV $504M CA $1,471M CO $303M CO $578M CO $862M CO $1,091M CO $1,214M Sales of adult-use cannabis continue to grow year-over-year, even in the mature markets of Colorado, Oregon and Washington state. Even though Colorado and Washington state are the two oldest recreational market in the country, sales in those markets from 2017 to 2018 were up 11% and 10%, respectively. And estimates indicate that sales in overproduction-plagued Oregon increased 31% during that same time period. Nevada’s recreational sales were strong during the first full year, boosted by Las Vegas’ prominence as a global tourist destination. Sales in the Silver State breached half a billion dollars in 2018, although data indicates that monthly sales may have already reached their plateau. California has not released statewide sales data, but estimates show that the Golden State sold $1.5 billion in recreational marijuana during its first year of legal sales. California is expected to mature into a $6 billion annual market ― roughly the size of the market in Canada.