North Dakota

insights

August 11, 2021
Notable Players

A Deeper Look At This State

Regulatory Framework

In 2016, voters passed Measure 5, the North Dakota Compassionate Care Act. It authorized the sale of medical marijuana the following year, but it took the North Dakota Legislative Assembly two years to create regulations.

Only registered medical marijuana patients may legally purchase cannabis in North Dakota. The state has approximately 3K patients, and edibles are not permitted. In fact, the state highly regulates access to cannabis.

Notable Market Activity

There is no notable activity at this time.

What's the Play?

After North Dakota voters struck down Legalize ND's adult-use cannabis legalization measure in 2018, the group came back with what campaign chairman David Owen called a "compromise bill" that he initially hoped to qualify for the 2020 ballot. Unfortunately, due to COVD the group was unable to collect the necessary signatures to get on the ballot and have refocused their efforts on the 2022 ballot.

In effort to discourage activists from pursuing a far-reaching cannabis legalization plan via ballot initiative, the House Human Services Committee approved a bill to legalize cannabis in limited capacity.

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

~760K

Annual Tourists

~
23
MM

Medicinal Legalization

2016

Adult-Use Legalization

N/A

First Adult-Use Sales

N/A

MMJ Patients

~6K

Monthly Revenue

~$1MM

Cultivation Cap

1,000 Plants

Cultivation Licenses

2/2 (Issued/Limit)

Retail Licenses

8/8 (Issued/Limit)

Retail License Cap per Operator

4

Vertical Integration

Allowed

Delivery

Not Allowed

MMJ Qualifications

Highly Restrictive

State Population / # Retail Licenses

Accepts Out of State MMJ

No

MMJ Patients / # Retail Licenses

~500

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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