Revenue Trends in the I-502 Cannabis Market – in spite of punitive taxes and local obstruction
Overall revenue within the I-502 State-legal Cannabis market continues to steadily increase in a largely consistent (linear) fashion, driven largely by the ever-increasing number of Retail stores licensed by the LCB (154, as of May 18 … with approximately 140 actually open for business). Should the LCB continue to grant retail licenses at the current rate, all 334 allocated stores should be licensed by May 15, 2016.
The following graph (and table) summarizes expected revenue if current sales were to continue to grow in a linear fashion through that date, and then were to flatline from that point on (this is, intentionally, a very conservative assumption … the results of which can serve as a contrast to the recently-released Cannabis forecasts of the State Economic Revenue Forecasting Council- the ERFC).
IF these assumptions hold true, we can reasonably expect the I-502 market to generate approximately $488...
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