New Hampshire

insights

May 24, 2021
Notable Players

A Deeper Look At This State

Regulatory Framework

New Hampshire legalized medical marijuana in 2013 when it passed House Bill 573. The law established a list of qualifying, albeit restrictive, conditions. Under the law, not only does a patient need a diagnosis of a qualifying condition, but they also have to exhibit severe symptoms of the debilitating condition. HB 573 requires dispensaries to be not-for-profit and set requirements for MMJ qualifications, as well as purchase and possession limits.

New adult-use legalization attempts may face an uphill battle after the November 2020 election since Governor Chris Sununu (R), an opponent to adult-use, was re-elected. Live free or die? Not so much.


Notable Market Activity

There is no notable activity at this time.

What's the Play?

With little support left in the state legislature for adult-use legalization, a limited patient count and a not-for-profit model, NH is challenging to acquire or invest in.

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

2013

Adult-Use Legalization

N/A

MMJ Patients

~9K

Monthly Revenue

~$2.5MM

Cultivation Cap

Varies*

Cultivation Licenses

4/4 (Issued/Limit)*

Retail Licenses

4/4 (Issued/Limit)*

Retail License Cap per Operator

2

Vertical Integration

Required

Delivery

Not Allowed

MMJ Qualifications

Restrictive

State Population / # Retail Licenses

Annual Tourists

~
MM

Accepts Out of State MMJ

No

MMJ Patients / # Retail Licenses

~3K

*Four vertically integrated licenses, each license is allowed to open two dispensaries for a total of eight dispensaries across the state. 80 cannabis plants, 160 seedlings, 80 ounces of usable cannabis, or six ounces of usable cannabis per qualifying patient.

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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