North American Marijuana Sales to Top $20.2 Billion by 2021, Grew 30 Percent in 2016

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New methodology to Arcview’s annual projections based on new POS
transaction data, first time Canada included

OAKLAND, Calif.–(BUSINESS WIRE)–Arcview
Market Research
, the leading publisher of cannabis market research,
released a new 2016 North American cannabis market size estimate as well
as projections for the market through 2021, while announcing the
availability of presales of its 5th edition of the State of
Legal Marijuana Markets Report. The executive summary of this
groundbreaking report will be released on January 16th at
Arcview’s private Investor
Forum in L.A.
The full 200+ page report will be released in
February. This first of its kind report finds that regulated marijuana
sales in North America totaled $6.7 billion in 2016, a 30 percent
increase from 2015. Sales are projected to grow at a compound annual
growth rate of 25 percent, from $6.7 billion in 2016 to an estimated
$20.2 billion by 2021.

The new and revised market projections rely on a new proprietary
bottom-up point of sale foundation with millions of individual consumer
transactions from dispensary partners in the largest legal cannabis
markets across the country created by BDS
Analytics
.

This is the first time Canada is included in Arcview’s annual market
estimates and projections, thus referring to it as a North American
number.

“No estimation of the size of the legal cannabis industry is complete
without recognizing the new massive role Canada’s market will play as it
moves toward legalizing adult use,” said Tom Adams, Arcview Market
Research’s new editor-in-chief. “The only consumer industry categories
I’ve seen reach $5 billion in annual spending and then post anything
like 25 percent compound annual growth in the next five years are cable
television (19 percent) in the 1990s and the broadband internet (29
percent) in the 2000s.”

“The biggest game changer for the future are the four new states that
approved adult-use measures; 21 percent of the total US population now
live in legal adult-use markets,” continued Adams. “Spending in the
largest three adult-use markets (CO, WA and OR) was up 62 percent
through September after doubling in 2015, fueled in large part by the
sudden popularity of alternative ingestion methods such as edibles and
concentrates.”

“You will not find another multi-billion-dollar market growing at 25
percent anywhere in the world that is not already filled with
multi-national companies and institutional investors. That’s part of
what makes the cannabis industry such a unique opportunity for investors
and entrepreneurs,” said Troy Dayton, CEO of Arcview Market Research.

Arcview’s upcoming Investor Forum for high net worth accredited
investors will take place January 16-18, 2017 in Los Angeles, CA. For
more information on the event and Arcview Investor Network, please click here.
Prior authorization for press access is required.

About The Arcview Group:

Founded in 2010, The Arcview Group is responsible for a number of
groundbreaking ventures in the cannabis industry. Arcview Market
Research is the first and most oft-cited publisher of market research on
the cannabis industry. The Arcview Investor Network includes 600+
dues-paying accredited investors who have put more than $91 million
behind 135 companies. Arcview is a partner in Canopy,
a seed-stage mentor-driven business accelerator. Arcview is also
co-founder of Cannasure
Insurance Services
, the leading provider of business insurance to
the cannabis industry. For more information or media inquiries, please
visit www.arcviewgroup.com.

About BDS Analytics:

BDS Analytics helps cannabis industry executives make quality decisions
based on the best data by capturing millions of transactions from
dispensary point-of-sale systems and then mining that data for the most
actionable insights. For more information please visit http://www.bdsanalytics.com/.

Contacts

for The Arcview Group
Alex Howe
202.271.7997
alex@powerplantstrategies.com