31 October 2016
Medical cannabis sales in California have soared over the past five years, rising from a reported $351 million in 2010 to nearly $814 million in 2015, according to exclusive data obtained by Marijuana Business Daily.
Much of that growth occurred in 2015, with reported sales via dispensaries soaring more than 40% from the previous year.
With a five-year compound annual growth rate of 18.3% – including periods of modest or even negative growth – California’s MMJ market continues to expand rapidly despite a host of challenges, ranging from crackdowns on dispensaries in cities like Los Angeles and outright bans in other areas.
Marijuana Business Daily obtained the numbers via a partnership with HDL Companies, which contracts directly with nearly every county throughout the state to analyze sales tax receipts from businesses.