As medical and recreational cannabis markets continue to expand throughout the country and mature, total retail sales of cannabis are projected to top $8 billion – $10 billion by the end of the calendar year in 2018 (which is an increase of almost 50% over 2017). While sales are projected to continue along a steady upward trend year over year through 2022, revenues received from recreational sales of cannabis are expected to eclipse medical cannabis revenues for the first time in 2018 and continue to grow at an accelerated rate for the foreseeable future. The total impact of California’s massive cannabis market continues to be a moving target for analysts, but revenues generated from the sales of medical and recreational cannabis nationwide are projected to exceed $20 billion by the end of the calendar year 20221.
1This CA “wildcard” analysis is from the Marijuana Business Daily Factbook (pp. 2-3).
ABOUT ANDREW ROBINSON
Andrew Robinson is a Principal in the Real Estate Law And Transactions group. He focuses on land use cases as well as areas of administrative and construction law. Mr. Robinson has experience representing clients facing homeowner association, landlord-tenant or construction disputes. He has assisted clients in processing subdivision and condominium development as well as in planning and zoning matters. Additionally, clients turn to Mr. Robinson for complex real estate transactions, commercial leasing, and general litigation
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