Marijuana Business Factbook 2019

Marijuana Business Factbook 2019 Chapter 2 | State-By-State: Legal Overview, Market Data and Outlook 106 © Copyright 2020, Marijuana Business Daily , a division of Anne Holland Ventures Inc. You may NOT copy this Factbook, or make public the data and facts contained herein, in part or in whole. For more copies or editorial permissions, contact CustomerService@MJBizDaily.com or call (720) 213-5992, ext. 1. BUSINESS TAXES & FEES Application Fees $20,000 License Fees $146,000 (annual regulatory fee) State tax requirements Medical marijuana itself is not subject to sales tax, but any services rendered to recommend MMJ and/or devices required to administer medication are subject to applicable taxes State tax collections in 2018 N/A SUPPLY CHAIN DYNAMICS Dispensary structure For-profit allowed Number of dispensaries allowed 16 (two vertically integrated manufacturers, each of which may operate eight dispensaries) Number of dispensaries operating in early 2020 8 MARKET OVERVIEW Number of registered patients 18,469 (up from 17,462 in mid-2019) Estimated 2019 MMJ sales via dispensaries $35 million-$45 million (up from $25 million-$30 million in 2018) MINNESOTA Medical continued