The revenues represent a growth of 10 to 15 percent over 2012 “as the industry recovers from widespread turmoil,” according to research data released on Thursday by the Daily.
The legalization of marijuana for adults in Colorado and Washington, along with continued growth on the medical side, could boost overall state-legal cannabis sales to $3 billion in 2014, and to $6 billion by 2018, according to the new Marijuana Business Factbook 2013.
The Factbook, published by the editors of MMJ Business Daily, provides a $129 overview of the cannabis industry and includes state-by-state market estimates and stability/opportunity rankings, as well as regulatory and investing information. (Orders before April 15 will be $79, according to the publishers.)
It also features financial data such as average revenues and startup costs for dispensaries, cultivation operations, edibles companies and ancillary firms.
The MMJ Business Daily said it “used a mix of methodologies to come up with reliable estimates, including: existing estimates by government agencies or other sources, identifiable trends, the maturity of the market, averages for similar markets or neighboring states with reliable data, average revenue per dispensary estimates, average annual patient spend in the area, information from local professionals, and/or MMJ tax revenues.”