New Hampshire


October 20, 2023
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. In addition, HB 573 requires dispensaries to be not-for-profit and set requirements for MMJ qualifications, as well as purchase and possession limits.

In January of 2022, the NH House approved an adult-use cannabis legalization bill after similar legislation cleared the House in 2020, but ultimately stalled in the Senate.

In March of 2022, The New Hampshire House of Representatives approved a bill to legalize adult-use cannabis and conduct sales through state-run stores, allowing adults to possess up to three-fourths of an ounce of cannabis and cultivate up to six plants at home.

In June of 2023, Vermonts Therapeutic Cannabis Program authorized reciprocity for out-of-state MMJ patients.

In August of 2023, Gov. Chris Sununu (R) signed a bill to establish a commission to look into how New Hampshire might legalize cannabis and allow for adult-use sales in the state. Gov. Sununu has stated recently that recreational cannabis legalization is inevitable, so he is aiming to set up a state-controlled system reflective of its alcohol and tobacco sales.

Notable Market Activity

There is no notable activity at this time.

What's the Play?

With New Hampshire recently allowing reciprocity for out-of-state MMJ patients and Governor Sununu expressing a desire for adult-use legalization, there seems to be a near-term path to legalization. Opportunities in the state will be dependent on the findings of the commission and resulting legislation.

Market Snapshot

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By The Numbers



21+ Population


Annual Tourists


Medicinal Legalization


Adult-Use Legalization


First Adult-Use Sales


MMJ Patients


Monthly Revenue


Cultivation Cap


Cultivation Licenses

3/4 (Operational/Limit)*

Retail Licenses

7/7 (Operational/Limit)*

Retail License Cap per Operator


Vertical Integration



Not Allowed

MMJ Qualifications


Adult Population/ # Retail Licenses

Accepts Out of State MMJ


MMJ Patients / # Retail Licenses


*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

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Proprietary Sharp Capital Advisors data - compiled using various sources including state and local government data

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