AOAC CASP Meeting

9/7/2019

USA growth by State

USA Legal Cannabis Spending by State ($USD Billions)

12

10

Other AZ

8

NV OR WA

6

4

CO CA

2

0

2014

2015

2016

2017

2018

Source: Arcview & BDS Analytics Cannabis Intelligence Briefing 

7

2018 BDS Analytics | CONFIDENTIAL

Evolving composition by category – Colorado example

Topicals Pre‐rolled Edibles Concentrates Other

Total CO Category Sales ($m)

$100 $150 $200 $250 $300 $350 $400 $450

Flower

$0 $50

Q1 2014

Q2 2014

Q3 2014

Q4 2014

Q1 2015

Q2 2015

Q3 2015

Q4 2015

Q1 2016

Q2 2016

Q3 2016

Q4 2016

Q1 2017

Q2 2017

Q3 2017

Q4 2017

Q1 2018

Q2 2018

Q3 2018

Source: GreenEdge by BDS Analytics

2018 BDS Analytics | CONFIDENTIAL

4