Thread by @ShantMelikian, $TRUL $LHSColorado Population (2019) : 5,758,736Colorado Dispensary Count Early 2020 : 438Colorado [...]

ShantMelikian

$TRUL $LHS

Colorado Population (2019) : 5,758,736
Colorado Dispensary Count Early 2020 : 438
Colorado Rec Store Count Early 2020 : 572

Florida Population (2019) : 21,477,737
Florida Dispensary Count (Early 2020) : 212
300,000 active patients in the state registry (Early 2020)

The 300 000 active patients represent 1.4% of the state's population and the dispensary count represents one dispensary per 1,415 patients !!!

https://mjbizdaily.com/florida-sales-smokable-marijuana-topped-22000-pounds-less-than-six-months/#:~:text=Florida%20finished%202019%20with%20just,one%20dispensary%20per%201%2C415%20patients).

Florida sales of smokable marijuana topped 22,000 pounds in less than six months

Medical cannabis patients in Florida have embraced the addition of smokable products to their purchasing options, with more than 22,000 pounds of the product sold in less than six months.

https://mjbizdaily.com/florida-sales-smokable-marijuana-topped-22000-pounds-less-than-six-months/#:~:text=Florida%20finished%202019%20with%20just,one%20dispensary%20per%201%2C415%20patients

https://www.coloradopolitics.com/news/colorado-among-states-with-highest-rate-of-per-capita-marijuana-dispensaries/article_e162b6f8-3eb9-11ea-9b5b-dbca88c970a5.html

Colorado among states with highest rate of per capita marijuana dispensaries

As of the beginning of 2020, Colorado’s Marijuana Enforcement Division listed 572 retail stores and 438 licensed medical marijuana stores.

https://www.coloradopolitics.com/news/colorado-among-states-with-highest-rate-of-per-capita-marijuana-dispensaries/article_e162b6f8-3eb9-11ea-9b5b-dbca88c970a5.html

Think if the growth potential for TRUL and LHS. Florida doesn't even have edibles and recreational yet !

According to an article in the Denver post :

Cannabis sales in Colorado set a new monthly record in May 2020, hitting their highest level since rec. sales began in 2014.

Dispensaries sold $192,175,937 worth of products in May, according to data from the Department of Revenue’s Marijuana Enforcement Division. That’s up about 29% from April and an increase of 32% from May 2019.

Sales at both medical and recreational pot shops hit monthly all-time highs, at $42,989,322 and $149,186,615, respectively. Collectively, both sectors have sold more than $779 million in 2020 and paid more than $167 million in taxes and fees to the state.

Rule of 3 for Florida and take Colorado's numbers as point of reference, we get these astornomical numbers :
3.73 x 438 = 1633 Dispensaries
3.73 x 572 = 2133 Stores
3.73 x 149,186,615 x 12 = 6,677,592,887$ usd in yearly sales.

131.4 million visitors each year also !

https://www.visitflorida.org/resources/research/research-faq/#:~:text=How%20many%20visitors%20came%20to,visitors%20(not%20including%20residents).

Just thought of this minimum case scenario...

If you say 14% of population are going to be rec and med that's 10x from the current 1.4%. (Not taking into consideration the 120m visitors).

So 240 dispensaries should be 2400. And that would be nowhere near saturation...

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