North Carolina

insights

October 20, 2023
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 medical marijuana market, making the tribe the only provider of medical cannabis in North Carolina. Anyone who has one of the 18 qualifying conditions outlined by the tribe can apply for a medical cannabis recommendation

The tribe will vote on September 7, 2023 on whether or not they will legalize adult use cannabis. If passed, it may prove to be a large development for the state.

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

~10.7MM

21+ Population

~7.9MM

Annual Tourists

~
45
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

Have questions? Reach out to the team

Co-Founder & CEO
West Palm beach
Co-Founder
WEst palm beach
Managing Director
Los Angeles
Shit We Don't Know

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