We are halfway by means of 2020 and the trade has added 667 licenses this yr. Those new licenses signify a 9.6% enhance from the 6,927 originally of the yr. Twenty-one states have added not less than one energetic license this yr. Oklahoma nonetheless retails the lead and has accounted for 249 of the 667 (37%).

Other states are persevering with to subject licenses or are engaged in fights with current license holders or people who have been denied licenses.

  • Rhode Island introduced this week that the state Department of Business Regulation will start accepting functions Friday from companies hoping to win a license to function one among six extra medical marijuana dispensaries. This is large information as there are solely three dispensaries within the state now. To apply, candidates should submit a $10,000 payment together with a bunch of detailed monetary info. Winners of the licenses will every should pay an annual $500,000 licensing payment, thought-about one of many — if not the — costliest within the nation in accordance with the Providence Journal. By distinction, an Oklahoma hashish license is $2,500.
  • In Oklahoma a category motion lawsuit has been filed towards OMMA – the Oklahoma Medical Marijuana Authority with respect to residency necessities. According to the lawsuit, greater than 250 companies are impacted by the residency requirement adjustments and faculty distance adjustments.
  • Missouri, which had a really organized rollout of licenses is now being besieged by lawsuits alleging scorning improprieties from those that have been rejected.
  • Florida’s Supreme Court on Tuesday ordered a second spherical of arguments in a battle about whether or not the state has correctly carried out a 2016 constitutional modification that broadly legalized medical marijuana.

Key Findings

  • A Rhode Island license carries an annual payment of $500,000 versus $2,500 in Oklahoma!
  • Oregon, Colorado and Washington collectively solely added 57 on a YTD foundation
  • Oklahoma leads the nation once more with 249 new licenses
  • Michigan got here in second with 142 new licenses – up 68% since January 1

2020 New Dispensary/Retailer Licenses Added

Oklahoma continues to be the hotspot for dispensaries within the United States and accounts for for nearly 25% of the nation’s dispensaries/retailers. The price of issuance has continued to say no since Q319.

Oklahoma Dispensary Licenses Issued By Quarter

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