Homeless in Arizona

If that $367 million is divided by the legally allowed 120 or so medical marijuana stores, each medical marijuana store gets about $3 million in sales, or $3,058,333 in sales to be exact.

If the $367 million is divided by the 90 or so medical marijuana stores that exist, each store's cut of the business is is about $4 million or $4,077,777 to be exact.

And this is why folks like medical marijuana lobbyist Demitri Yegolas Downing is asking Safer Arizona to protect the medical marijuana dispensaries from competition in a free market on the Safer Arizona 2018 initiative.

Source

Arizona Medical Marijuana Sales to Reach $367 Million in 2016

Dan Kingston 1 day ago Arizona Marijuana News

Arizona Marijuana Sales

Medical marijuana sales in Arizona are expected to reach $367 million in 2016, and are projected to soar to $681 million by 2020, with a compound annual growth rate of 17%, predicts Arcview Market Research, a marijuana industry research group. The group forecasted that if Proposition 205 passed, sales would have surpassed $1 billion by 2020.

“Almost any business owner or investor would be thrilled to be in a market with a 17% compound annual growth rate, until you consider that they were a few thousand votes away from having a growth rate double that” if Prop 205 had passed, said Troy Dayton, CEO of The Arcview Group.

“If Prop. 205 had passed, the combined projected medical and adult use markets for 2020 would have totaled $1.2 billion. Operators in Arizona would have seen a significant opportunity for growth, but now they must begin planning for a period of steep price declines, license holder consolidation, and intense competition in the market,” said Giadha DeCarcer, Founder and CEO of New Frontier Data.