You are here
Home 🌿 Marijuana Business News 🌿 Revenue Trends in the I-502 Cannabis Market – in spite of punitive taxes and local obstruction 🌿Revenue Trends in the I-502 Cannabis Market – in spite of punitive taxes and local obstruction
Warning message
The subscription service is currently unavailable. Please try again later.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...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.