Investor Presentaiton
CONSIDERABLE MARKET GROWTH
$16.3B
in 2020
•
37 STATES
3M+
PATIENTS
GROWTH
DRIVERS
• While the U.S. legal cannabis industry is projected to total
$16.3B (1) in 2020, total cannabis demand in the U.S. is
estimated to total $75B-$100B(2), including markets serviced
by the illicit market
Today, 37 states, as well as the District of Columbia, Guam,
and Puerto Rico have legalized medical cannabis
11 of the 37 states, and the District of Columbia, have
legalized cannabis for adult-use
• Poised for adult-use approvals in AZ and NJ in 2020, and CT,
NY, and PA thereafter
•
•
•
•
Nationally, more than 3M patients have registered
with state medical cannabis programs
Over 220M Americans live in states that permit the
use of medical cannabis, 93M of which are permitted
for adult-use (3)
Expansion of regulated markets and conversion of illicit
markets
Growth of consumption per capita as new product forms,
such as edibles and vapes, lead to proliferation of use
$ in Billions
St
LEGAL U.S. CANNABIS MARKET (1)
40
33.9
35
31.1
30
27.5
23.6
25
19.6
20
16.3
15
12.4
10
5
0
2019
2020
2025
2022
2023
2021
2024
ADDRESSABLE MARKET, U.S.
Prescription Drugs, 2018
$485B(4)
Total U.S. Cannabis Market (legal+ illicit)
$75B-$100B (2)
Legal U.S. Cannabis Market, 2018
$10B (1)
(1)
(2)
(3)
Arcview Market Research, State of Legal Cannabis Markets 8th Edition.
Marijuana Policy Project; MPP.org as of September 2019.
Canaccord's September 2019 U.S. Cannabis and Multi-State Operators report.
(4)
IQVIA Institute for Human Data Science, Global Use of Medicines, January 2019.
curaleaf
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