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Market research report / financial analysis (chapter vi)
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Summary
This document is a page from a 2017 market research report by Ackrell Capital regarding U.S. legalized cannabis market estimates. It includes a bar chart projecting market growth and consumer numbers from 2016 to 2030, contingent on federal legalization milestones. It also provides a sensitivity analysis table showing estimated 2030 market size based on varying population penetration rates and monthly consumer spending. The document bears a House Oversight stamp, suggesting it was part of a larger document production.
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| Name | Type | Context |
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| Ackrell Capital, LLC | ||
| Ackrell Capital | ||
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| FINRA | ||
| SIPC |
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Key Quotes (2)
"Based on our assumptions and methodology, we believe that the U.S. legalized cannabis market will ultimately exceed $100 billion annually, with more than 50 million consumers."Source
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"Assumes cannabis will be legalized federally by 2027. Cannabis may never be legalized federally in the United States."Source
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ACKRELL
CAPITAL
CHAPTER VI U.S. and International Cannabis Market Estimates
CAPITAL
CHAPTER VI U.S. and International Cannabis Market Estimates
U.S. Legalized Cannabis Market Estimates
Based on our assumptions and methodology, we believe that the U.S. legalized cannabis market will ultimately exceed $100 billion annually, with more than 50 million consumers. As shown in the following graph, we believe these levels will be reached after the federal government legalizes cannabis.
Based on our assumptions and methodology, we believe that the U.S. legalized cannabis market will ultimately exceed $100 billion annually, with more than 50 million consumers. As shown in the following graph, we believe these levels will be reached after the federal government legalizes cannabis.
U.S. Legalized Cannabis Market
[Chart Axis Left: $ millions $0 - $140,000]
[Chart Axis Right: Number of Consumers 0 M - 70 M]
[Timeline: 2016 - 2030]
[Chart Axis Left: $ millions $0 - $140,000]
[Chart Axis Right: Number of Consumers 0 M - 70 M]
[Timeline: 2016 - 2030]
Legend/Milestones:
Path to Federal Legalization
FDA Approves Cannabis-Derived Pharmaceuticals
More States Adopt Medical Cannabis Laws
More States Adopt Recreational Laws
FDA Routinely Approves CBD Drugs
FDA Routinely Approves THC Drugs
Federal Government Legalizes Cannabis
Path to Federal Legalization
FDA Approves Cannabis-Derived Pharmaceuticals
More States Adopt Medical Cannabis Laws
More States Adopt Recreational Laws
FDA Routinely Approves CBD Drugs
FDA Routinely Approves THC Drugs
Federal Government Legalizes Cannabis
Legalized Cannabis Market Size
Consumers
Consumers
Source: Ackrell Capital. Assumes cannabis will be legalized federally by 2027. Cannabis may never be legalized federally in the United States.
Because penetration rate and average monthly spending assumptions significantly affect our forecast, we illustrate this impact with the following sensitivity analysis, which shows the estimated market size in 2030 using a range of penetration rates and monthly spending averages.
2030 U.S. Legalized Cannabis Market Size: Sensitivity Analysis
($ millions)
Average Monthly Consumer Spending
$100 $125 $150 $175 $200
Average Monthly Consumer Spending
$100 $125 $150 $175 $200
Adult Population Penetration Rate
5% $13,954 $17,442 $20,930 $24,419 $27,907
10% 27,907 34,884 41,861 48,838 55,814
15% 41,861 52,326 62,791 73,256 83,722
20% 55,814 69,768 83,722 97,675 111,629
25% 69,768 87,210 104,652 122,094 139,536
30% 83,722 104,652 125,582 146,513 167,443
35% 97,675 122,094 146,513 170,932 195,350
5% $13,954 $17,442 $20,930 $24,419 $27,907
10% 27,907 34,884 41,861 48,838 55,814
15% 41,861 52,326 62,791 73,256 83,722
20% 55,814 69,768 83,722 97,675 111,629
25% 69,768 87,210 104,652 122,094 139,536
30% 83,722 104,652 125,582 146,513 167,443
35% 97,675 122,094 146,513 170,932 195,350
Source: Ackrell Capital
© 2017 Ackrell Capital, LLC | Member FINRA / SIPC
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