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Minnesota’s legal marijuana sales projected to reach $1.5B by 2029 <br />Anticipated retail sales are expected to boom post-2025 legalization <br />Market Analysis <br />$791.9M <br />$1.2B <br />$1.4B <br />$1.5B $1.5B <br />$600 <br />$418.8M <br />$400 <br />$200 <br />$0 <br />$800 <br />$1,000 <br />$1,200 <br />$1,400 <br />$1,600 <br />2025 2026 2027 2028 2029 2030 <br />Projected MN Adult-Use Cannabis Legal Sales <br />MN Sales Forecast, $M <br />Strong Industry Potential <br />•Minnesota’s market is expected to follow <br />several patterns established in other <br />markets. <br />Source: Vicente LLP Voyageur Services 7 <br />•Early market indicators suggest supply <br />may lag demand <br />•Over 700k Minnesotans are expected to <br />consume cannabis in any given month, <br />accounting for 15% of total population 21 <br />and over. <br />17