AOAC CASP Meeting

9/7/2019

We project a ~25 % CAGR for Cannabis for the next 4 years to $30 Billion

Historic and Projected Global Legal Cannabis Spending ($USD Billions)

35

30

25

$29.5

20

$24.3

15

$19.1

10

$15.3

$11.7

5

$8.9

$6.6

$4.7

$3.4

0

2014

2015

2016

2017

2018

2019

2020

2021

2022

Source: Arcview & BDS Analytics Cannabis Intelligence Briefing 

3

2018 BDS Analytics | CONFIDENTIAL

The US will continue to be the world’s largest market

Global Legal Cannabis Spending by region ($USD Billions)

35

30

3.6

25

3.8

2.6 2.6

20

1.6 1.7

15

1.1 1.1

$22.1

0.6 0.6

$19.1

10

0.3

$15.8

$13.1

$10.5

5

$8.6

$6.6

$4.7

$3.4

0

2014

2015

2016

2017

2018

2019

2020

2021

2022

USA Canada ROW

Source: Arcview & BDS Analytics Cannabis Intelligence Briefing

4

2018 BDS Analytics | CONFIDENTIAL

2