Cannabis Market Brief

San Francisco, CA

SF leads US per-capita cannabis spend but faces headwinds from illicit competition. Delivery dominance + wellness tourism create growth vectors.

Market Snapshot

Market size
$186-232M annual (2024, -13% YoY); #1 per-capita nationally ($55/resident)
Dispensaries
95 licensed
Avg flower price
$6.50-13.00/g; eighths $23-45/g

Key Competitors

Barbary Coast Cannabis (consumption lounge)
The Green Cross
Urbana (lounges)
Apothecarium
Bloom Room

Demand Signals

Q1 2024 down 13% YoY; 22 delivery operators cover all SF; 80% expect same-day delivery; AOV rising $67 to $89

Regulatory Notes

15% state excise (reduced Oct 2025), 2.5% SF local tax (lowest in CA); storefront freeze since July 2023; social consumption (AB-1775)

Campaign Ideas

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