Investor Presentaiton
APPENDIX
שיי
($USD in billions)
NEVADA LEGAL CANNABIS SPENDING 1,2
2019
2020
2021
2022
Medical-use
2023
Adult-use
2024
2025
1.4
1.3
1.2
1.1
1.0
0.9
0.7
+12% CAGR
1. Arcview Market Research / BDS Analytics, The State of Legal Cannabis Markets, 8th Edition. 2. See "Forward-Looking Statements" disclaimer on pages 3-4 and financial assumptions on pages 57-58. 3. Nevada Department of Taxation as of January 17, 2021.
Nevada market overview
• Despite just three million residents, Nevada has become an extremely
attractive cannabis market since adult-use sales began in 2017; 40
million+ tourists visit Las Vegas annually; the vast majority are over 21
years old and price insensitive
• Nevada is expected to become the 9th-largest cannabis market by
2025 and possess the highest spend per resident 1,2
• We have agreed to preliminary terms with Cookies, a leading
cannabis brand, to enter a joint venture to rebrand The Apothecary
Shoppe, our dispensary in Las Vegas, as a Cookies-branded store
• The Apothecary Shoppe is in a prime location just off the Strip, directly
across the street from Palms Casino Resort
$739M
IN ADULT-USE SALES
LTM AS OF SEPTEMBER 2020³
78%
22%
Las Vegas/Clark County
Rest of Nevada
NEVADA MONTHLY LEGAL CANNABIS SPENDING³
($USD in millions)
$48
Jul-17
Sep-17
Nov-17
Jan-18
Mar-18
May-18
$77
Jul-18
Sep-18
Nov-18
Jan-19
Mar-19
May-19
Jul-19
Sep-19
Nov-19
Jan-20
Mar-20
May-20
Jul-20
Sep-20
50
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