$6.4 Billion
The revenue projected from medical and recreational sales in California by 2020, if recreational cannabis is legalized in November.
Source: The ArcView Group
25
The maximum number of grower/processor permits that will be issued initially under Pennsylvania’s Medical Marijuana Act, signed into law in April. No more than 50 dispensary permits would be initially issued. Also, no more than five grower/processors may be issued permits as dispensaries. And one individual can be issued just one grower/processor permit.
Source: Cannabis Business Times’ “Update: Pa. Legalizes Medical Marijuana”
State Level Spot Pricing
Trailing 4-Week Average $/Pound - Week ending Apr 22, 2016
Copyright © 2016 New Leaf Data Services, LLC. All rights reserved. Source: Cannabis Benchmarks ® Weekly Premium Report; www.CannabisBenchmarks.com.
Weekly Price Volatility - Comparison to Other Agriculture Commodities
(4/24/15 through 4/22/16)
Sources: Cannabis Benchmarks & GlobalView; Copyright: © 2016 New Leaf Data Services, LLC. All rights reserved.
800,000 Square Feet
The maximum plant canopy approved for retail marijuana cultivation under the Marijuana Legalization Act in Maine, which has qualified for the 2016 ballot. Two types of retail cultivation facilities will be licensed: those with plant canopies of 3,000 square feet and those with more than 3,000 square feet.
Source: Marijuana Legalization Act text, via RegulateMaine.org
