Marijuana Business Factbook 2019

4 Marijuana Business Factbook 2019 Chapter 1 | National Trends © 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. CHART 1.02: U.S. Cannabis Industry Total Economic Impact: 2018-2023 Source: 2019 Marijuana Business Daily © 2019 Marijuana Business Daily, a division of Anne Holland Ventures Inc. All rights reserved. U.S. Cannabis Industry Total Economic Impact: 2018 - 2023 (In Billions Of U.S. Dollars) 2018 2019 2020 2021 2022 2023 $0B $20B $40B $60B $80B $100B $120B Total Economic Impact Of Cannabis Industry Addi�onal Economic Impact Of Dispensary/Store Sales Dispensary/Store Sales $27.3-$30.5 Total $37.8-$44.5 Total $52.5-$62.3 Total $66.2-$78.1 Total $79.5-$94.9 Total $90.0-$107.8 Total The marijuana industry has a large ― and growing ― impact on the broader economy, from local communities to the nation as a whole. To measure an industry’s economic impact, traditional macroeconomic multipliers typically range between 10 and 20 times the original dollar spent. Based on the latest data collected from other industries, we have maintained last year’s standard multiplier of 3.5 for the marijuana industry. This means that for every $1 that consumers and patients spend at recreational stores and dispensaries, an additional $2.50 will be injected into the economy, much of it at the local level. Some examples of the industry’s economic impact include: Day-to-day needs of workers in the cannabis industry ― everything from big-ticket items including housing and transportation, to lesser everyday costs such as food, clothing and entertainment ― leads to the injection of capital into a variety of local businesses. Collectively, marijuana businesses, consumers and patients pay hundreds of millions of dollars in state and local taxes that have been used to fund state and local government activity, including funding schools and repairing roads. Real estate, beyond housing for cannabis workers, receives a boost from new businesses moving into an area or established businesses expanding, increasing broader demand on a sometimes- limited supply of commercial properties.