Kentucky

insights

September 6, 2023
Notable Players
No MSOs currently

A Deeper Look At This State

Regulatory Framework

On March 31, 2023, Gov. Andy Beshear (D) signed Senate Bill 47, legalizing medical cannabis in the state.

While the program is not set to begin until 2025, the landmark decision represents a major shift. Many of the policies surrounding the legislation are yet to be established, as an advisory board has not yet been assembled.

Notable Market Activity

January 2022 | WM Technology ("Weedmaps") acquired Eyechronic for approximately $35MM

What's the Play?

Operators should keep an eye on the state as licensing guidelines become known in Kentucky.

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

~4.5MM

21+ Population

~3.3MM

Annual Tourists

~
74
MM

Medicinal Legalization

2023

Adult-Use Legalization

N/A

First Adult-Use Sales

N/A

MMJ Patients

N/A

Monthly Revenue

N/A

Cultivation Cap

N/A

Cultivation Licenses

N/A

Retail Licenses

N/A

Retail License Cap per Operator

N/A

Vertical Integration

N/A

Delivery

N/A

MMJ Qualifications

Not Yet Determined

Adult Population/ # Retail Licenses

Accepts Out of State MMJ

MMJ Patients / # Retail Licenses

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

Have questions? Reach out to the team

Co-Founder & CEO
West Palm beach
Co-Founder
WEst palm beach
Managing Director
Los Angeles
Shit We Don't Know

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