Actually, that is incorrect.
Accounting for tourist(s)/annual visits, that adds another 220-240MM to California(260-280MM market), and Las Vegas/Nevada, another 40-50MM on top of populations.
Few understand, the recreational measures in CA and NV created immense potential markets within the cannabis space. CA the largest market in the world, NV/Las Vegas the second.
The issue is not with what potential there is, but merely can they (CBIS or others) capitalize/fully utilize said market.
CBIS and others are now truly more than capable/able to produce 9 figure revenues. The only question is will they/can they?.
Disclosure:
Long time player (long) who has profited significantly off cannabis stocks.
There very well may be a correction, in part due to questions about incoming administrations appointments, but the West Coast cannabis market is about to see a level of growth few can/could predict.
CA/NV recreational are going to post numbers once up and running first full year that are going to shock many.
Comparison: CO recently posted $2.4B figures from a market share 15% (15%!) the size of CA/NV market.