Notable Players

A Deeper Look At This State

Regulatory Framework

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.

Notable Market Activity

There is no notable activity at this time.

What's the Play?

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.

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

~1.0MM

Annual Tourists

~
10
MM

Medicinal Legalization

2011

Adult-Use Legalization

N/A

First Adult-Use Sales

N/A

MMJ Patients

~13K

Monthly Revenue

~$5MM

Cultivation Cap

No Limit*

Cultivation Licenses

6/6 (Issued/Limit)

Retail Licenses

6/6 (Issued/Limit)

Retail License Cap per Operator

No Limit

Vertical Integration

Required

Delivery

Allowed

MMJ Qualifications

Less Restrictive

State Population / # Retail Licenses

Accepts Out of State MMJ

No

MMJ Patients / # Retail Licenses

~3K

*Cultivators can only grow a sufficient amount for patient counts.

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
Shit We Don't Know

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