Let’s say that Florida continues to grow at its current rate through the end of 2021 – what would that look like? I recognize that THC/CBD and Flower dispensed is a function of qualified patients and locations, but let’s just say the current trend continues through the end of 2021.
Running a linear regression on the OMMU data from the end of June 2019 through September 2020 (15 months), this would imply the following:
Number of Locations would increase from 276 to 420 (52.2% increase).
THC+CBD dispensed on a monthly basis would increase from 578kg to 871kg (50.7% increase).
Flower dispensed on a monthly basis would increase from 5.9 tons to 11.9 tons (101.1% increase).
Number of qualified patients would increase from 420.7K to 575K (36.7% increase). In other words, the penetration rate for adults in Florida would increase from 2.8% to 3.8%.
Again, I recognize that it is unreasonable to extrapolate the past 15 months over the next 15 months, but wanted to share anyways. As always, feel free to DM me on Twitter @PVofFCF.