Marijuana Business Factbook 2019

xvii 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. 4. ANCILLARY BUSINESSES: MORE OPPORTUNITIES TO JOIN IN As legalization and acceptance of marijuana sweeps across the country, ancillary companies continue to launch, hoping to get a piece of the pie in the ever-growing industry. Opportunities for support and service businesses have increased dramatically in the past few years. Two-thirds of businesses in this segment started in just the past three years. With legalization expected to expand, especially on the recreational side, growth in the number of ancillary businesses is unlikely to slow anytime soon. CHART: Year Ancillary Businesses Launched Source: 2019 Marijuana Business Factbook © 2019 Marijuana Business Daily, a division of Anne Holland Ventures Inc. All rights reserved. Year Ancillary Businesses Launched 2011 2012 2013 2014 2015 2016 2017 2018 28% 20% 18% 7% 11% 5% 1% 11% Percent Of Respondents or earlier