The regulatory framework in Iowa is extremely restrictive; only patients with severe medical conditions, such as cancer and terminal illness, can participate in this market.
In February of 2023, House Democarats introduced bill SF79 which aims to legalize adult use cannabis up to 30g of flower, 5g of concentrate, and 50mg of THC. There has been little to discuss following the announcement but with adult use sales beginning in Minnesota in August 2023, there is some mounting preassure in the Hawkeye state.
There is no notable market activity at this time.
Watch for this market to evolve slowly. As with all nascent medical markets, conditions such as chronic pain and anxiety will likely be the catalysts for this market to become relevant.