Marijuana Business Factbook 2019

6 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 1.04: Estimated Number Of Cannabis Businesses In The United States: 2019 Source: 2019 Marijuana Business Factbook © 2019 Marijuana Business Daily, a division of Anne Holland Ventures Inc. All rights reserved. Estimated Number Of Cannabis Businesses In The United States: 2019 Medical Dispensaries/Recreational Stores Wholesale Cultivators Cannabis Product Manufacturers & Producers/Processors Testing Labs Ancillary Services, Technology & Products Companies Abc Abc Abc Abc Abc 2,500 - 3,500 5,500 - 6,500 2,000 - 3,000 150 - 200 15,000 - 20,000 Plant-Touching Total: 10,000 - 13,000 Industry Total: 25,000 - 33,000 Generally speaking, state cannabis programs have become more transparent about marijuana business licensing, providing increased insight into the number of MJ companies operating in the United States. However, it’s still difficult to disentangle the number of licenses issued in a given state from the number of licensees, as most states allow a single business to hold multiple licenses. Holding multiple licenses ― sometimes referred to as license stacking ― is especially prevalent in California’s marijuana cultivation sector, where 20% of grow licenses are held by less than 1% of business owners. Based on an extensive analysis of all available state licensing data and the dynamics of the relationship between licenses and licensees, we estimate 25,000-33,000 companies in the United States generate most or all of their revenue from the cannabis industry. Roughly a third of those businesses touch the plant, including retailers, cultivators, cannabis product manufacturers and testing labs. (Note: The estimates for plant-touching businesses include only licensed cannabis companies, meaning businesses operating in full compliance with state and local regulations. Estimates for ancillary companies include businesses that derive all or a notable portion of their revenue from the marijuana industry, not those that have only a very limited reach in cannabis.)