Marijuana Business Factbook 2019

Marijuana Business Factbook 2019 Chapter 2 | State-By-State: Legal Overview, Market Data and Outlook 46 © 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. CALIFORNIA Recreational continued SUPPLY CHAIN DYNAMICS Retail store structure For-profit allowed Number of businesses allowed No statewide limits Number of licenses granted as of early 2020 Recreational Retailer: 581 Recreational Retailer Nonstorefront (delivery): 255 Recreational Cultivator: 3,200 Recreational Processor: 885 Recreational Distributor: 956 Recreational Microbusiness: 236 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 in-state customers 6,000,000-7,000,000 Estimated recreational marijuana sales via retail stores in 2019 $2.5 billion (up from $1.3 billion-$1.6 billion in 2018) Overall 2019 marijuana market $2.8 billion-$2.9 billion (up from $1.6 billion-$2.0 billion in 2018)