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U.S. CoNSUMERS IN CoNTExT 7© New Frontier Data, All Rights Reserved. <br />Home State Cannabis Laws <br />Percent of total U.S. population. <br />Product Share <br />of Sales <br />In legal markets, <br />2022 average. <br />74% <br />of the total U.S. population lives in a state with some form of legal cannabis framework. <br />Adult-usestates <br />Medicalonly states <br />Illicitstates <br />48% <br />26% <br />26% <br />Growth of the U.S. Legal Cannabis Industry <br />2020 2022 2024 2026 2028 2030 <br />$70B $74 B $77B $73B $71B $69B $68B $67B $66B $66B $66B <br />2020 2021 2022 2023e 2024e 2025e 2026e 2027e 2028e 2029e 2030e <br />$11B $15B $16B $21B $25B $29B $33B $36B $39B $41B $42B <br />$9B <br />$12B $12B <br />$13B $14B $14B $14B $15B $15B $15B $15B <br />$19B <br />$27B $29B $34B $39B $43B $47B $50B $54B $56B $58B <br /> ˜Legal medical use ˜Legal adult-use Ů Illicit market <br /> ˜Flower: 43% <br /> ˜Preroll: 6% <br /> ˜Vape: 29% <br /> ˜Edible/ <br />Beverage: 11% <br /> ˜Extract: 9% <br /> ˜Tincture: 1% <br /> ˜Topical: 0.5% <br /> ˜Other: 0.4% <br />ADULT-USE STATE <br />160.2 million <br />MEDICAL STATE <br />87.7 million <br />ILLICIT STATE <br />88.7 million <br />Page 213 of 322