Marijuana Business Factbook 2019

43 © 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 Retail store structure For-profit businesses are now allowed in the new framework. Number of businesses allowed No statewide limits Number of licenses granted as of early 2020 California has been in the process of issuing permanent licenses to retailers, delivery services, infused product manufacturers, cultivators and distributors. Within each of these categories, several types of licenses are issued based on factors such as the size and capabilities of the operation. All numbers of medical licenses have decreased since 2018. Medical Retailer: 602 Medical Retailer Nonstorefront (delivery): 253 Medical Cultivator: 1,444 Medical Processor: 956 Medical Distributor: 966 Medical Microbusiness: 225 Testing Labs: 32 (no distinction between medical and recreational testing labs) Weighted average price per pound of marijuana $1,135 MARKET OVERVIEW Estimated number of patients 250,000-400,000 (no change from 2018 estimates) Note: Many patients do not have access to dispensaries because of local bans and therefore are likely to buy on the illegal market. Estimated 2019 MMJ sales via dispensaries $330 million-$410 million (up from $290 million-$350 million in 2018)