North Carolina

insights

March 25, 2025
Notable Players
No MSOs currently

A Deeper Look At This State

Regulatory Framework

Senate Bill 3, the NC Compassionate Care Act, failed in the Summer of 2023 as a result of Republican opposition. This is likely to stall any medical legalization in North Carolina for the foreseeable future.

The Eastern Band of Cherokee Indians legalized its own marijuana market, making the tribe the only provider of medical or adult-use cannabis in North Carolina. The market that started out serving only tribal members with qualifying medical conditions has swiftly moved to adult-use and is now serving cannabis products to those over 21 years of age on the Qualla Boundary.

Notable Market Activity

There is no notable activity at this time.

What's the Play?

No meaningful regulatory structure. This is one of the minority states to pass industry relevant regulations. We will continue to watch states like these as they evolve.

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

~11.0MM

21+ Population

~8.3MM

Annual Tourists

~
43
MM

Medicinal Legalization

N/A

Adult-Use Legalization

N/A

First Adult-Use Sales

N/A

MMJ Patients

N/A

Monthly Revenue

N/A

Cultivation Cap

N/A

Cultivation Licenses

N/A

Retail Licenses

N/A

Retail License Cap per Operator

N/A

Vertical Integration

N/A

Delivery

N/A

MMJ Qualifications

Adult Population/ # Retail Licenses

Accepts Out of State MMJ

MMJ Patients / # Retail Licenses

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

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Co-Founder & CEO
West Palm beach
Co-Founder
WEst palm beach
Principal
West Palm Beach
Analyst
West Palm Beach
Shit We Don't Know

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