As the world’s fifth largest economy and most-visited destinations in northern America, California is uniquely positioned to have a lasting impact on the global cannabis market. It is not surprising that California, of all places, was the first US state to allow medical cannabis. After the passage of the law on adult marijuana use in late 2016, recreational sales were already in place in early 2018. Especially the so-called cannabis tourism holds enormous potential for the US state, but also the awareness of the cannabis companies based in California.
California is already historically considered an absolute test market for the entire country. Many companies from a wide range of industries, such as fashion, entertainment, or traditional consumer products, use California as a benchmark for the development of national consumer brands. The products that work in California can be adapted very quickly into new markets.
According to data from BDS Analytics, 76% of cannabis product sales were generated by brand producers in 2018. By contrast, the rate in Colorado was only 44% in other developed states, such as Nevada or Arizona, about 50%. In total, 846 cannabis brands generated sales in California. Thirty more than $10 million a year alone. About half of those thirty even reported sales of between $25 million and $50 million. Three large companies even more than $50 million.
With this portfolio of cannabis companies, California clearly distinguishes itself from other US federal states such as Colorado, Oregon and Arizona. The overall market in California for cannabis was $2.5bn in 2018, according to BDS Analytics. The analyst’s house estimates that the market is expected to expand to as much as $5.6bn by 2022, with analysts at BDS seeing their own forecast as highly conservative.
The Cannabisradar-Team wishes you an nice day!
<isin>CA38109W1095</isin><isin>CA48349P1036</isin><isin>CA01861C1095</isin>
<isin>CA46183X8026</isin><isin>US90137F1030</isin><isin>GB00BF044593</isin>
<isin>GB00BF044593</isin><isin>CA25455C1005</isin><isin>CA98936N1024</isin>
<isin>CA3623071006</isin><isin>CA4576371062</isin><isin>US21833P1030</isin>
<isin>CA88166Y1007</isin><isin>CA92845J1049</isin><isin>CA31773B1058</isin>
<isin>CA5305621073</isin><isin>CA88688R1047</isin><isin>CA58507M1077</isin>
<isin>CA8310062002</isin><isin>CA49374L3065</isin><isin>CA45074T1021</isin>
<isin>US9875372065</isin><isin>CA9485251008</isin><isin>CA92767A1075</isin>
<isin>AU000000CP17</isin><isin>US52886N3070</isin><isin>CA2477541049</isin>
<isin>CA1380411084</isin><isin>CA41755P1053</isin><isin>CA41755M1023</isin>
<isin>CA92707Y1088</isin><isin>CA39305B1058</isin><isin>CA01444Q1046</isin>
<isin>AU000000MXC6</isin><isin>CA39342L1085</isin><isin>CA88105E1088</isin>
<isin>CA89788C1041</isin><isin>CA05335P1099</isin><isin>US1266541028</isin>
<isin>CA72706K1012</isin><isin>CA91913D1069</isin><isin>AU000000CAN2</isin>
<isin>CA3932102088</isin><isin>CA72941N1006</isin><isin>US50133S1033</isin>
<isin>CA86860J1066</isin><isin>CA1378002077</isin><isin>CA23126M1023</isin>
<isin>US64157V1089</isin><isin>CA29102R1064</isin><isin>CA34348Q1028</isin>
<isin>US98986X1090</isin><isin>CA16106R1091</isin><isin>US88688T1007</isin>
<isin>US3953301039</isin><isin>CA60689X1096</isin><isin>AU000000EXL4</isin>
<isin>CA03765K1049</isin><isin>US1407551092</isin><isin>CA65442F1053</isin>
<isin>CA22587M1068</isin><isin>US57165B1061</isin><isin>CA86745H1010</isin>
<isin>CA4283041099</isin><isin>CA1376441004</isin><isin>CA68620P1018</isin>
<isin>CA64079L1058</isin><isin>CA05156X1087</isin><isin>CA1380351009</isin>
<isin>US36197T1034 </isin><isin>US45781V1017</isin><isin>CA29410K1084</isin>
