West Virginia

insights

December 3, 2021
Notable Players

A Deeper Look At This State

Regulatory Framework

10 cultivation and 10 processing licenses were awarded in late 2020, notably, a few of the licenses awarded went to top MSOs. Look for more retail licenses to be awarded in 2021.

Notable Market Activity

November 2021 | Trulieve opens Trulieve Morgantown, the first dispensary in West Virginia to sell medical cannabis to patients

June 2021 | Trulieve acquires Solevo Wellness West Virginia

What's the Play?

The Mountain State's first medical cannabis dispensary opened November 2021 in a long-awaited moment nearly four years after Gov. Jim Justice (R) signed SB 386 into law. Watch out for an adult-use bill now that Gov. Justice has indicated his willingness to sign it into law.

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

~1.8MM

Annual Tourists

~
65
MM

Medicinal Legalization

2017

Adult-Use Legalization

N/A

First Adult-Use Sales

N/A

MMJ Patients

2300

Monthly Revenue

$0

Cultivation Cap

Unclear

Cultivation Licenses

10/10 (Issued/Limit)

Retail Licenses

100/100 (Issued/Limit)

Retail License Cap per Operator

10

Vertical Integration

Allowed

Delivery

Allowed

MMJ Qualifications

Highly Restrictive

State Population / # Retail Licenses

Accepts Out of State MMJ

No

MMJ Patients / # Retail Licenses

N/A

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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Shit We Don't Know

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