The following 2020 projections are for the various state markets whose initiatives passed. These numbers account only for cannabis sales and that these new markets are operational by 2018:
California: Medical - $3.3B, Adult Use - $4.3B, Total Market = $7.6B
Massachusetts: Medical - $301M, Adult Use - $771M, Total Market = $1.1B
Nevada: Medical - $193M, Adult Use - $429M, Total Market = $622M
Arkansas: Total Medical Market = $6.4M
Florida: Total Medical Market = $1.6B
North Dakota: $2.3M
At the time of this release, the legalization measures in Maine, Montana, and Arizona are still undetermined. Their markets would account for an additional $954 million.
Arizona: Medical - $480M, Adult Use - $760M, Total Market = $1.2B
Maine: Medical - $129M, Adult Use - $196M, Total Market = $325M
Montana: Total Medical Market = $128M
