Notable Players
No MSOs currently

A Deeper Look At This State

Regulatory Framework

In early May 2021, Alabama took a significant step toward becoming the 39th state to legalize medical marijuana. After a nearly nine-hour bipartisan debate, the state Senate passed an amended version of the Alabama Compassionate Act, Senate Bill 46 (SB 46), 68-34. Governor Kay Ivey signed SB 46 on May 17, 2021 - marking a significant win in the Heart of Dixie state.

The measure created a medical cannabis commission to regulate, license, and oversee the distribution of medical marijuana. Doctors can prescribe medical marijuana for several conditions, including cancer, a terminal illness, epilepsy, and chronic pain. Patients will receive medical cannabis cards, and vaping or smoking of medical marijuana will be prohibited while products including gummies, oils, or creams will be allowed.

Because the underlying qualifications for a patient to register for a medical card are non-restrictive, this could lead to a large influx of MMJ patients. However, the bill prohibits smoking flowers, vaping, and edibles, leaving patients to purchase capsules, lozenges, oils, suppositories and topical patches.

The state issued its 21 licenses after taking in a pool of over 90 applicants. It's unclear yet which operators received the licenses.

While licenses have been issued and sales are set to begin soon, many questions regarding regulation of the industry remain.

Notable Market Activity

No market activity at this time.

What's the Play?

It has been a long time coming since the time of medical legalization, but Alabama Medical Cannabis Commission Director, John McMillan, predicts roll out of their medical program to commence in late 2023 or early 2024.

As stated, licenses have been issued but much about the program is unclear. Operators should keep a close eye on the state as regulation is put in place and sales begin. Regulators have stated that more licenses will be issued as demand in the state is better understood, should the opportunity arise, operators should make a play at the state.

Market Snapshot

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

594/273

By The Numbers

Population

~5.1MM

21+ Population

~3.7MM

Annual Tourists

~
28
MM

Medicinal Legalization

2021

Adult-Use Legalization

N/A

First Adult-Use Sales

N/A

MMJ Patients

N/A

Monthly Revenue

N/A

Cultivation Cap

N/A

Cultivation Licenses

0/5 (Operational/Limit)

Retail Licenses

0/5 (Operational/Limit)

Retail License Cap per Operator

N/A

Vertical Integration

Allowed

Delivery

N/A

MMJ Qualifications

Less Restrictive

Adult Population/ # Retail Licenses

Accepts Out of State MMJ

No

MMJ Patients / # Retail Licenses

Top Cultivators

Notable Market Activity

Quick sentance is needed or wanted

Quick sentance is needed or wanted

Quick sentance is needed or wanted

Proprietary Sharp Capital Advisors data - compiled using various sources including state and local government data

Have questions? Reach out to the team

Co-Founder & CEO
West Palm beach
Co-Founder
WEst palm beach
Managing Director
Los Angeles
Shit We Don't Know

Have a tip about this state? Let us know!