New Hampshire


January 12, 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 August 2021, HB 605 added opioid use disorder as a qualifying condition for the state’s medical marijuana program and allowed out-of-state patients to access dispensaries. For out-of-state patients, they must have qualified for medical marijuana in their jurisdiction and show proof of a valid recommendation. It is up to the state Department of Health and Human Services to develop rules for dispensary to verify visiting patients’ eligibility.

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.

Notable Market Activity

There is no notable activity at this time.

What's the Play?

With New Hampshire being a limited patient count state and having a not-for-profit model, NH is challenging to acquire or invest in.

Market Snapshot

This Data Point


This Data Point


This Data Point


This Data Point


This Data Point


This Data Point


This Data Point


This Data Point


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

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
Managing Director
Los Angeles
Shit We Don't Know

Have a tip about this state? Let us know!