Notable Players
No MSOs currently

A Deeper Look At This State

Regulatory Framework

Extremely restrictive. The regulatory framework in Iowa allows only patients with severe medical conditions, such as cancer and terminal illness, to participate in this market.

That said, as of February 2021 ,State Sen. Joe Bolkcom (D) is leading a renewed push by elected officials to legalize adult-use cannabis. A poll found that Iowa residents support legalizing marijuana, 51%-43%.

What's the Play?

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.

Regulators also announced this month that applications would be accepted for a second cultivator/processor license after Acreage Holdings dropped out of the market. But questions remain about whether the current program is viable, given the low-THC content allowed and the limited number of 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

~3.2MM

Medicinal Legalization

2017

Adult-Use Legalization

N/A

MMJ Patients

~6K

Monthly Revenue

~$500K

Cultivation Cap

No Limit

Cultivation Licenses

1/2 (Issued/Limit)

Retail Licenses

5/5 (Issued/Limit)

Retail License Cap per Operator

5

Vertical Integration

Allowed

Delivery

Not Allowed

MMJ Qualifications

Highly Restrictive

State Population / # Retail Licenses

Annual Tourists

~
30
MM

Accepts Out of State MMJ

No

MMJ Patients / # Retail Licenses

~1K

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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