Marijuana Business Factbook 2019

x Marijuana Business Factbook 2019 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. 2. THE BIG PICTURE: THE UNDENIABLE IMPACT OF CANNABIS ON THE US ECONOMY The marijuana industry will deliver an estimated $38 billion-$45 billion economic impact on the United States in 2019. By 2023, we see the potential for the industry to surpass $100 billion in annual economic benefits. Estimates for economic impact are based on retail marijuana sales and incorporate an impact multiplier of 3.5. That means that for every $1 consumers spend at dispensaries or rec stores, another $2.50 in economic benefit will be created in cities, states and the nation. Factors addressed in this overall economic impact include: • The launch of new businesses. • Hundreds of millions of dollars in state and local taxes. • Real estate investments. • Visiting tourists spending money to legally consume. • MJ employees circulating earnings back into the economy through money spent on everything from food to big-ticket items such as housing and transportation. CHART: 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