The Legal Marijuana Industry in the U.S.: Its Past, Present and Future

LEGAL MARIJUANA NDUSTRY IN THEUS CREATIONAL МEDICAL GECOEATIONA MARIJUANA CULTIVATION FACILITY A facility licensed to Cultivate either medical marijuana or recreational marijuana. It sells to dispensaries, stores and production. In Colorado, in 2014, the average cultivated amount each month was 320,000 medical plants and 140,000 retail plants. FROM SEED TO SALE MARIJUANA PRODUCT MANUFACTURING FACILITY A facility licensed to Prepare and Package marijuana products for either medicalor retail purposes. These are then sold to medical marijuana dispensaries or retail marijuana stores. INDEPENDENT TESTING LABORATORY RETAIL MARIJUANA STORE A licensed business registered to Test Marijuana, edible marijuana products and marljuana-infused products. There were 16 Testing Facilities licensed in Colorado by the end of 2014. A licensed facility allowed to Sell Marijuana to consumers above 21 years of age. In September 2014, on average retail stores in Seattle made $13,736 sales revenue per day. MEDICAL MARIJUANA DISPENSARY A licensed facility allowed to Sell Medical Marijuana or medical marijuana infused products to a patient or her caregiver. The average MMJ annual revenue is around $500,000 but it can go as high as $22 million. THE LEGAL STATUS OF MARIJUANA IN THE U.S. IN 2015: A Conundrum of Regulations On the U.S. map, highlighted in different colors are the states where marijuana is allowed for: MEDICAL USE RECREATIONAL USE MARIJUANA IS DECRIMINALIZED LOW OR ZER0 THC/HIGH CBD RECOGNIZE PATIENTS FROM OTHER STATES DISPENSARIES ARE ALLOWED 11 18 STATES ALLOW PRODUCTS RESTRICTED TO LOW OR ZERO THC/HIGH CBD STATES HAVE DECRIMINALIZED MARIJUANA TO SOME DEGREE 23 STATES + D.C. ALLOW MEDICAL MARIJUANA STATES + D.C. ALLOW RECREATIONAL MARIJUANA DISPENSARIES WHAT'S BUDDING IN THE MARIJUANA LEGISLATION 24 MEDICAL USE RECREATIONAL USE DECRIMINALIZATION 18 12 2002 2006 2010 2014 2016 projected LEGAL CANNABIS SALES PROJECTION In 2014, the legal cannabis industry expanded 74% to reach $2.7 BILLION in combined retail and wholesale sales. 2019 expected It has now firmly established itself as THE FASTEST GROWING INDUSTRY IN AMERICA. $10.8 BILLION 2018 expected $9.0 BILLION 2016 expected 2015 expected $4.3 2014 BILLION $3.6 BILLION $2.7 BILLION Full legalization of marijuana in the U.S. would result in $36.8 BILLION IN RETAIL SALES surpassing the NFL revenue by $26 billion Legalizing marijuana in all 50 states would yield approximately $3 BILLION IN YEARLY TAX REVENUE U.S. CANNABIS SALES IN 2014 PER STATE RECOGNIZE PATIENTS MEDICAL USE RECREATIONAL USE MARIJUANA IS DECRIMINALIZED DISPENSARIES ARE ALLOWED FROM OTHER STATES 30% COLORADO 49% CALIFORNIA a 8% WASHINGTON 6% 1% ARIZONA 1 4% OTHER STATES 2% MICHIGAN OREGON COLORADO $315 MILLION recreational marijuana sales in 2014 CALIFORNIA WASHINGTON $1.323 BILLION medical marijuana sales in 2014 $490 MILLION medical marijuana sales in 2014 $65 MILLION recreational marijuana sales $421.2 MILLION $105 MILLION marijuana-related sales tax revenue in 2014 projected recreational marijuana sales in 2015 $7.2 MILLION marijuana-related sales tax revenue collected 56% GROWTH in marijuana-related sales tax revenue in 2015 Projected sales of recreational marijuana in 2015 equal to Lack of statewide regulatlon $250 MILLION Medical marijuana state tax is treated the same as all tangible personal property taxes The first active adult use market in the U.S. It has the largest state-regulated dispensary program in the nation offering Improvements in the state regulatory schemes are expected in order to accommodate the market growth. the most business-friendly environment. Marijuana legalization in Alaska came into effect on February 24, 2015 Shops selling recreational marijuana are expected to open in 2016 ALASKA As much as $55.6 MILLION projected in first-year sales As much as $8 MILLION projected taxes and fees for first year of sales THE LEGAL MARIJUANA INDUSTRY IN THE U.S. IS EXPECTED TO GROW BY 32% IN 2015. ARE YOU READY TO ENTER THE MARKET? Lance Surety Bond Associates is a surety bond agency that helps business owners get bonded in all 50 states. LANCE SURETY BOND ASSOCIATES, INC. 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