Utah remains one of the more restrictive medical programs. Medical cardholders can purchase up to 112 grams of cannabis with up to 19 grams of total THC within a 30-day period which are also the possession limits.
April 2023 | Curaleaf holdings completed its acquisition of Deseret Wellness for $20MM
November 2021 | Curaleaf announced its acquisition of Tryke Companies, which owns Reef Dispensaries, for $286MM
Though the Beehive State lacks the population density to be a primary focus for most MSOs, it has attracted the interest of Curaleaf. Look for retail locations near popular ski and tourism destinations. Cultivation will be a challenge until patient numbers can support enough revenue for the 10 issued licenses. Operators will likely struggle to be profitable and therefore not attract significant investment or acquisition interest.