STATE OF THE CANNABIS INDUSTRY LEGAL SALES TO CONSUMERS A TOTAL OF 69 MILLION CONSUMERS IS PROJECTED BY 2030 65 56 54 59 61 63 67 Source: " 2023 U.S. Cannabis Report, New Frontier Data " 69 2023 ANNUAL LEGAL SALES ARE PROJECTED TO REACH $35 BILLION IN 2023 U.S. LEGAL CANNABIS MARKET DATA (IN AMERICA): 47% 26% 27% OF STATES ARE BOTH ADULT-USE & MEDICAL-USE STATES OF STATES ARE MEDICAL ONLY STATES OF STATES INDICATE CANNABIS IS ILLEGAL 12 2024 GUIDE TO CANNABIS PRODUCTION 2024 2025 2026 2027 2028 2029 2030 MEDICAL CANNABIS CONSUMER + THE NUMBER OF MEDICAL CANNABIS PATIENTS IS PROJECTED TO REACH 5.2 MILLION IN 2030 ACCESS TO LEGAL CANNABIS LEGAL CANNABIS ACCESS IN THE U.S. COULD INCREASE 96% BY 2030 CALIFORNIA, NEW YORK AND FLORIDA WILL BE THE THREE LARGEST LEGAL STATE MARKETS. FLOWER PRICING & PRODUCT DEMAND THERE HAS BEEN A DECLINE OF 10% IN THE AVERAGE PRICE PER OUNCE OF FLOWER IN THE U.S. AVERAGE PAID BY CONSUMERS $325.46 IN 2010 $294.14 IN 2023 Million