Marijuana Business Factbook 2019

27 © 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 TABLE 2.1 State-By-State Rankings For Business Opportunities in 2020 State-By-State Rankings For Business Opportunities In 2020 State Business Opportunity Rank Estimated 2019 Marijuana Sales* Alaska B+ $150 million-$180 million Arizona B $650 million-$720 million Arkansas C+ $30 million California A- $2.8 billion-$2.9 billion Colorado B+ $1.7 billion Connecticut B $100 million-$120 million Delaware B- $20 million-$25 million Florida A $450 million-$550 million Hawaii C- $17 million-$20 million Illinois A $251 million Iowa C $5 million-$6 million Louisiana C- $1.0 million-$1.5 million Maine B+ $20 million-$25 million Maryland A- $252 million Massachusetts A $605 million-$640 million Michigan A- $295 million-$365 million Minnesota C $35 million-$45 million Montana B $65 million-$80 million Nevada A- $710 million-$730 million New Hampshire C $20 million-$25 million New Jersey B+ $95 million-$120 million New Mexico B $115 million-$145 million New York C+ $155 million-$190 million North Dakota C $1.0 million-$1.5 million Ohio B $58.3 million Oklahoma A $345 million Oregon B $765 million-$845 million Pennsylvania A- $300 million-$350 million Rhode Island B $50 million-$65 million Vermont C+ $18 million-$22 million Washington DC C+ $16 million-$20 million Washington state B $1.1 billion *Note: This table includes states where marijuana sales took place in 2019; totals include both rec and medical in states where applicable.