Notable Players

A Deeper Look At This State

Regulatory Framework

Though the state passed legalization in 2016, the first adult-use sale didn't take place until 2020. No out-of-state ownership is allowed. Operators are limited to no more than three cultivation facilities or four retail licenses.

Notable Market Activity

There is no notable activity at this time.

What's the Play?

On October 9, 2020, the first day for adult-use cannabis sales in The Pine Tree State, many shops sold out quickly. However, until the state settles multiple lawsuits and necessary cultivation and retail facilities are built out, this state is too nascent for serious consideration.

 

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

~1.4MM

Medicinal Legalization

1999

Adult-Use Legalization

2020

MMJ Patients

~96K

Monthly Revenue

~$23MM

Cultivation Cap

20K Sq.Ft.*

Cultivation Licenses

45/No Limit (Issued/Limit)

Retail Licenses

60/No Limit (Issued/Limit)

Retail License Cap per Operator

4

Vertical Integration

Required (Medical), Allowed (Adult)

Delivery

Allowed

MMJ Qualifications

Less Restrictive

State Population / # Retail Licenses

~23K

Annual Tourists

~
37
MM

Accepts Out of State MMJ

Yes

MMJ Patients / # Retail Licenses

*Multiple licensing tiers for cultivation. Tier 1 allows a canopy of 500 sq.ft., Tier 2 allows for a canopy of 2K sq.ft., Tier 3 allows for a canopy of 7K sq.ft., and Tier 4 allows for a canopy of 20K sq.ft.

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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