Marijuana Business Factbook 2019

ix MJBIZDAILY.COM Executive Summary © 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. 5 Key Charts to Consider in 2019 1. RETAIL CONTINUES TO RISE: U.S. CANNABIS SALES PROJECTIONS THROUGH 2023 Cannabis retail sales are on pace to reach $12 billion by the end of the year, up from an estimated $8 billion-$9 billion in 2018. Although recreational sales are expected to lead the way, both segments are projected to increase by over 40% from 2018 to 2019. Longer-term projections see annual retail sales in the United States surpassing $28 billion by 2023. However, as the MMJ market matures, that segment’s growth will slow significantly. CHART: U.S. Cannabis Retail Sales Estimates: 2018-2023 Source: 2019 Marijuana Business Factbook © 2019 Marijuana Business Daily, a division of Anne Holland Ventures Inc. All rights reserved. 2018 2019 2020 2021 2022 2023 $0B $5B $10B $15B $20B $25B $30B Total Retail Sales U.S. Cannabis Retail Sales Es�mates: 2018 - 2023 (In Billions Of U.S. Dollars) Recrea�onal Medical $3.0-$3.5 $4.3-$5.2 $5.6-$6.8 $6.5-$7.9 $7.2-$8.8 $7.6-$9.3 $4.8-$5.2 $6.5-$7.5 $9.4-$11.0 $12.4-$14.4 $15.5-$18.3 $18.1-$21.5 $7.8-$8.7 Total $10.8-$12.7 Total $15.0-$17.8 Total $18.9-$22.3 Total $22.7-$27.1 Total $25.7-$30.8 Total