Missouri: 22,000 registered patients, the first medicinal cannabis store is expected to open later this year. There is currently no income in the cannabis industry in the state, but hundreds of people have been employed. In addition, the state has issued 86 marijuana production licenses and 192 marijuana shop licenses, and these companies have not yet begun hiring. We estimate that there are already 1,100 people employed, and we expect this number to at least double by the end of 2020.
Montana: In 2019, the number of patients exceeds 36,000, the number of employees is 1,800, and sales increase by 20% year-on-year to $ 92 million.
Nevada: The state’s 2019 cannabis sales were $ 639 million, but recent monthly sales figures indicate that the market size has reached $ 730 million and that there are 14,305 employees. Las Vegas tourists are increasingly patronizing cannabis supermarkets such as Planet 13, and we expect sales to continue to rise steadily.
New Hampshire: This small state lacks cannabis data, with 8,000 patients, a market size of $ 22.5 million, and 441 employees. We look forward to the legalization of cannabis in Massachusetts, Vermont and Maine to advance the state ’s legalization this year.
New Jersey: Governor Chris Christie ’s withdrawal helped thousands of patients in the state, but the cannabis store is still extremely inadequate, with one cannabis store corresponding to 1.5 million residents. In addition, the high price also drives many registered patients to choose other purchase channels. The current market size is $ 120 million with 2,356 employees.
New Mexico: The number of patients in this agricultural state is close to 79,000, the market size is $ 130 million, and the number of employees is 2,549. New York State: New Yorkers wait patiently for the legalization of adult cannabis, so the growth of medicinal cannabis is still slow. The number of patients exceeds 112,000, annual sales are approximately $ 125 million, and the number of employees is 2,941.
North Dakota: The first medical cannabis store in the agricultural state opened in 2019, with 1,200 patients, 8 cannabis stores, and about 200 full-time employees. More patients will sign medical cannabis cards in 2020, and sales are expected to grow slowly but steadily.
Ohio: The number of patients exceeds 78,000, but sales in 2019 are only $ 56 million due to insufficient number of cannabis stores. More cannabis stores will open in 2020, and we expect sales to increase significantly. Data from the end of 2019 and the beginning of 2020 show that this forecast is becoming a reality. We therefore predict the market size of Ohio to be $ 220 million and 4,275 employees.
Oklahoma: The state’s medical cannabis industry is growing rapidly. Sales in 2019 increased by 221%, with 9,412 people employed, and monthly sales approached $ 40 million. Today, one in 20 Oklahoma people holds a medical marijuana card, the highest percentage in the United States.
Oregon: The earliest state of recreational cannabis legalization on the west coast of the United States, sales in 2019 unexpectedly increased by 19% year-on-year to more than $ 800 million, and this growth rate continued until early 2020. The state ’s adult and pharmaceutical market employs 18,274 people.
Pennsylvania: The state’s sales in 2019 doubled to $ 406 million. Although the growth rate is not as good as Oklahoma and Massachusetts, it is also quite eye-catching. The number of full-time employees was 8,765.
Rhode Island: The number of patients is 18,000, but only three cannabis stores are open, but the sales of medicinal cannabis still increase by nearly 50% year-on-year to more than $ 50 million. There are 1,098 full-time employees. Utah: Patient applications will start in March 2020, but the state has issued a cannabis store license, and there may be 14 stores opening this year. The number of full-time employees is estimated to be at least 100.
Vermont: Since the legalization of adult marijuana last year, the number of medical marijuana patients in the state has declined, indicating that 10% to 20% of registered patients hold marijuana cards just to legally hold marijuana. Authorized stores still need to present a marijuana certificate to buy marijuana, while adult marijuana retail is still illegal. In addition, some people in southern Vermont may choose to purchase marijuana in neighboring Massachusetts. Medical cannabis sales are about $ 14 million, full-time employment is 266 people, and Massachusetts robbed the state of adult cannabis tax revenue.
Washington State: Sales are slow but steadily growing 8% to $ 1.21 billion, and full-time employment is 23,756.
West Virginia: The state has not yet issued a cannabis business license, but the first application period is February 18, 2020. The number of full-time employees is estimated to be about 30, mainly engaged in application construction and business plans.