Glass House Brands Expansion Strategy
2025e
Market Size
Projection
(Legal, $B)
7.8
CALIFORNIA: LARGEST SINGLE US CANNABIS MARKET
2021a
Market Size
$5.8B (Legal)*
California
Florida
THE LEGAL
MARKET IN
I S MORE
CALIFORNIA
THAN TWICE THE SIZE
OF THE NEXT BIGGEST
MARKET;
ALMOST A S LARGE
A S
THREE
COMBINED
THE NEXT
STATES
3.2
2.9
2.8
2.5
2.4
2.2
1.9
1.7 1.7
1.6
1.6
New York
Arizona
Source: Headset forecast for 2025 US Market Forecasts, as of February 2022
* California Department of Tax and Fee Administration, Legal Cannabis Retail Revenues for 2021
Illinois
Michigan
Colorado
Pennsylvania
Washington
Massachusetts
Ohio
New Jersey
Oregon
THE
ILLEGAL
MARKET I N
CALIFORNIA I S ESTIMATED
TO BE 2 X 3 X THE SIZE OF
THE LEGAL MARKET,
REPRESENTING HUGE
POTENTIAL UPSIDE FOR
LEGAL BRANDS A S MORE
AND
MORE COUNTIES LEGALIZE
DISPENSARIES IN THEIR
JURISDICTIONS
1.4 1.3 1.3 1.1
Virginia
Oklahoma
Nevada
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