Gov. Tate Reeves (R) signed SB2095, legalizing medical marijuana, into law in early February 2022. Mississippi is the 37th to enact the policy change in the country.

Medical dispensaries are limited to selling cannabis flower or trim that consists of less than 30% total THC.

As of July 2023, almost 48 cities have opted out of the program.

There is no notable activity at this time.

The Mississippi market has been a strong performer with a growing medical market that's generating over $9MM in revenue. Adult use is still not allowed and there doesn't seem to be much legislative action, though the path to legalization though does not seem to be unrealistic. The state's treatment of the medical program is a promising sign for future policy.

Sales have proven resilient and opportunity certainly exists if operators have the patience.