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Friday, 04/20/2018 12:24:53 PM

Friday, April 20, 2018 12:24:53 PM

Post# of 52915
FYI:

As expected, the launch of California’s adult-use marijuana program has brought significantly increased demand in marijuana products among consumers, and to meet that demand, regulators are working to approve temporary licenses across the supply chain. The infographic at the end of this article shows the growth of marijuana licenses in California during the first quarter of 2018 based on data from the Cannabiz Media License Database.

Since January 17, 2018, the number of temporary marijuana licenses granted in California grew by over 322% from 1,272 licenses on January 17, 2018 to 5,369 licenses on March 31, 2018. The growth rate during the same period broken down by type of license is below:

Cultivation licenses: 782% growth rate (from 349 to 3,077 licenses)
Distributor licenses: 248% growth rate (from 176 to 613 licenses)
Delivery licenses: 219% growth rate (from 52 to 166 licenses)
Manufacturing licenses: 126% growth rate (from 302 to 682 licenses)
Retail licenses: 126% growth rate (from 137 to 309 licenses)
Microbusiness licenses: 126% growth rate (from 57 to 129 licenses)
Dispensary licenses: 99% growth rate (from 184 to 366 licenses)
Testing licenses: 80% growth rate (from 15 to 27 licenses)
California has been issuing an average of 65 licenses per day in 2018, and if this pace continues, there could be more than 20,000 marijuana licenses in the state by the end of the year.

https://www.newcannabisventures.com/california-cannabis-licenses-could-reach-more-than-20000-by-end-of-2018/

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