Adult-use legalization is off the table this session as Delaware lawmakers could not agree on the social equity licensing component of the bill.
However Governor John Carney (D) signed a bill in mid June to let nurse practitioners and physician assistants recommend medical cannabis - signaling a potential boon to the medical marijuana population in the state.
There is no notable activity at this time.
Delaware is shaping up to be a prime acquisition market with a middle-of-the-road population density and close proximity to many neighboring states with a large MSO presence. With a profitable revenue-to-license ratio and Columbia Care already building a presence, other MSOs will likely take action when they have excess resources to focus beyond their core strategic states.
Investors don't have much of a play here unless and until the state releases additional licenses.
*Cultivators can only grow a sufficient amount for patient counts.