AOAC CASP Meeting

9/7/2019

Adult Use will drive most USA sales growth

USA Legal Cannabis Spending by type ($USD Billions)

 $25.0

 $20.0

$14.3 

 $15.0

$11.7 

$9.2 

 $10.0

$7.3 

$6.0 

$2.7 

 $5.0

$7.9

$7.4

$6.6

$5.8

$5.9

$4.5

 $‐

2017

2018

2019

2020

2021

2022

Medical

Adult Use

Source: Arcview & BDS Analytics Cannabis Intelligence Briefing 

5

2018 BDS Analytics | CONFIDENTIAL

Although the top 6 are two thirds of USA 2018 sales, it’s No Longer  just a “Western State” Phenomenon

WA $1B

2018 Revenues

Up and coming major States: FL MI MA NY? NJ?

OR $700M

NV $600M

CA $2.5B

CO $1.5B

AZ $700M

6

2018 BDS Analytics | CONFIDENTIAL

3