POSABIT Overview and FY 2021 Results
THE OPPORTUNITY
•
CURRENT MARKET (BIG)
⚫9,000+ medical and recreational dispensaries in the US
Average store sales of $3M annually
Total processing opportunity $43b+ (2025)*
• Less than 30% have some form of electronic payment
processing today (and, in those stores, only 35% of
transactions are electronic -65% still cash)
• Additional state legalization as well as full federal
legalization will eventually result in the majority of this
shifting to digital commerce (away from cash)
•
•
FUTURE MARKET (MASSIVE)
States that recently passed cannabis legislation,
market not yet open (e.g. New York)
⚫ Continued expansion in current legal markets
(e.g. Illinois, Arizona, Michigan, New Mexico)
Future full legalization, federal level
• Continued normalization of electronic payments
*Data on this slide comes from a combination of POSABIT internal reporting, publicly available data, and
extrapolations based on those sources
POSABIT
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