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<br /> 11 <br />Cannabis Business Financial Feasibility Applied to Elk River <br /> <br />Elk River Market Projections 2026 2027 2028 2029 2030 2031 2032 <br />Potential local market - Elk River 19079 19379 19679 19979 20279 20579 20879 <br />Population that consumes cannabis 10% 10% 11% 11% 12% 12% 13% <br />% of consumers that will use legal market 50% 50% 55% 55% 60% 60% 65% <br />Potential MN city residents market size 953.95 968.95 1190.5795 1208.7295 1460.088 1481.688 1764.2755 <br /> <br />Individual Consumer Example 2026 2027 2028 2029 2030 2031 2032 <br />Average visits per month 2 2 2 2 2 2 2 <br />Average visits per year 24 24 24 24 24 24 24 <br />average spend per visit $35.00 $35.00 $35.00 $35.00 $35.00 $35.00 $35.00 <br />Average spend per year $840.00 $840.00 $840.00 $840.00 $840.00 $840.00 $840.00 <br /> <br />Market Size x Average visits per year 2026 2027 2028 2029 2030 2031 2032 <br />Annual foot traffic 22894.8 23254.8 28573.908 29009.508 35042.112 35560.512 42342.612 <br />Sales projection from local market $801,318.00 $813,918.00 $1,000,086.78 $1,015,332.78 $1,226,473.92 $1,244,617.92 $1,481,991.42 <br />Potential local market tourists 23848.75 24223.75 24598.75 24973.75 25348.75 25723.75 26098.75 <br />Population that consumes cannabis 13% 13% 14% 14% 15% 15% 16% <br />% of visitors that will use legal market 50% 50% 55% 55% 60% 60% 65% <br />Potential visitors market size 1550.16875 1574.54375 1894.10375 1922.97875 2281.3875 2315.1375 2714.27 <br />Average spend per visit $840.00 $840.00 $840.00 $840.00 $840.00 $840.00 $840.00 <br />Total visitor sales $1,302,141.75 $1,322,616.75 $1,591,047.15 $1,615,302.15 $1,916,365.50 $1,944,715.50 $2,279,986.80 <br /> <br />Total sales for cannabis local market $2,103,459.75 $2,136,534.75 $2,591,133.93 $2,630,634.93 $3,142,839.42 $3,189,333.42 $3,761,978.22 <br /> <br />Page 151 of 155