There are more than 5000 dispensaries in the U.S. - 2000 are recreational.Learn More »
The US cannabis market is estimated to be $13.8 billion in 2018 and is projected to continue growing at a CAGR of 23.9% through 2025. Medical marijuana is the biggest segment representing 70.3% of sales. Recreational while smaller will grow the fastest over the next 5 years (expected 36.4% CAGR).
The average dispensary generate roughly $5M a year (70% of the market), with larger dispensaries (20%) generating $30M-65M+. The average ticket for recreational marijuana is around $50. When we look at the medical space it's over $100. MIT studies have found that consumers are willing to spend double the amount with cards vs cash!