Notable Players
No MSOs currently

A Deeper Look At This State

Regulatory Framework

Full legalization has bipartisan support in Louisiana, but HB 699 lost by 48-47 in late May 2021. A bill to remove jail time and limit fines for possession was signed into law in June 2021, though after decriminalizing low-level cannabis possession last year, a Louisiana proposal is seeking to reimplement the threat of jail time for minors caught with small amounts of cannabis.

The Governor also signed a bill in June 2021 to allow smokable flower as part of their restrictive medical marijuana program, that took effect January 1, 2022. Since then, Louisiana's medical cannabis patient registration has increased 600%.

In June of 2022, legislations passed a bill to protect workers who use medical marijuana.

Notable Market Activity

There is no notable market activity at this time.

What's the Play?

This market is still in its infancy. Watch for Louisiana to relax medical conditions before state revenue becomes attractive enough for serious investment or acquisition.

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

~4.6MM

21+ Population

~3.03MM

Annual Tourists

~
53
MM

Medicinal Legalization

2016

Adult-Use Legalization

N/A

First Adult-Use Sales

N/A

MMJ Patients

~29K

Monthly Revenue

~$2.3MM

Cultivation Cap

No Limit

Cultivation Licenses

2/2 (Operational/Limit)

Retail Licenses

9/10 (Operational/ Limit)

Retail License Cap per Operator

Unclear

Vertical Integration

Not Allowed

Delivery

Not Allowed

MMJ Qualifications

Highly Restrictive

Adult Population/ # Retail Licenses

Accepts Out of State MMJ

No

MMJ Patients / # Retail Licenses

~3.2K

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
Chicago
Managing Director
Los Angeles
Head of Debt Capital Markets
Chicago
Shit We Don't Know

Have a tip about this state? Let us know!