District of Colombia

insights

June 21, 2022
Notable Players

A Deeper Look At This State

Regulatory Framework

Outside of the limited medical program, the purchase and sale of cannabis are not legal here on an adult-use basis. Although it is legal to possess or gift cannabis, there is no actual adult-use industry.

Many stores will "gift" you cannabis if you make a qualifying purchase, but these stores are far from acquirable or financeable. A recent bill was proposed to ramp up enforcement against the District's unregulated cannabis businesses, but the votes fell one short in needing to pass. The program is as ass-backward as they come, but for now, if you find the right store, you can pay $10 for a sticker and walk out with a dime bag.

Notable Market Activity

There is no notable activity at this time.

What's the Play?

The US Congress governs Washington DC, which speaks for itself. Look for change at the federal level before there is real market opportunity in the District.

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

~0.7MM

21+ Population

~0.5MM

Annual Tourists

~
25
MM

Medicinal Legalization

1998

Adult-Use Legalization

2014

First Adult-Use Sales

Pending

MMJ Patients

11K

Monthly Revenue

~$5MM

Cultivation Cap

1000 Plants

Cultivation Licenses

6/10 (Operational/Limit)

Retail Licenses

7/8 (Operational/Limit)

Retail License Cap per Operator

1

Vertical Integration

Allowed

Delivery

Allowed

MMJ Qualifications

Less Restrictive

Adult Population/ # Retail Licenses

~72K

Accepts Out of State MMJ

Yes

MMJ Patients / # Retail Licenses

~1.6K

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

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Chicago
Shit We Don't Know

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