South Carolina

insights

October 20, 2023
Notable Players
No MSOs currently

A Deeper Look At This State

Regulatory Framework

Senator Tom David (R) re-introduced the S.C. Compassionate Care Act in January 2023. The proposal comes after the bill failed in 2022 following conerns over procedural problems. The original bill had passed the Senate but stalled in the House. The new bill has updated tax-related language aiming to appease prior concerns.

The Senate Medical Affairs Committee approved the bill and it will now move to the Senate.

If approved, the bill would allow approved patients to purchase medical-use cannabis at approved dispensaries. The legislation states, among other things, that doctors will be able to specify the amount of cannabis that a patient could purchase within a 14-day window.

Notable Market Activity

There is no notable activity at this time.

What's the Play?

Though the proposed medical marijuana bill is highly restrictive, The Palmetto State will ultimately be an attractive market with a population of over 5MM people and the pressure from neighboring states will less restrictions.

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

~5.3MM

21+ Population

~3.9MM

Annual Tourists

~
30
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

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

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

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