Marijuana Business Factbook 2019

137 © 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. State-By-State: Legal Overview, Market Data and Outlook | Chapter 2 MJBIZDAILY.COM SUPPLY CHAIN DYNAMICS Dispensary structure For-profit allowed Number of dispensaries allowed Dispensaries: 8 Cultivators: 2 Number of dispensaries operating in early 2020 Dispensaries: 8 Cultivators: 2 MARKET OVERVIEW Number of registered patients 2,139 (up from 820 in mid-2019) Estimated 2019 MMJ sales via dispensaries $1 million-$1.5 million SUMMARY What to watch in 2020 North Dakota’s MMJ program is now fully operational, with all available licenses awarded and businesses serving patients. Demand for medical marijuana, however, has been lackluster. Despite several changes made by regulators to improve the viability of the program—such as adding more qualifying MMJ conditions and allowing physician assistants to recommend MMJ—only 2,139 patients are currently enrolled. In 2020, patient counts will need to improve for the state to maintain a sustainable MMJ program. Marijuana Business Opportunity Rank for 2020 C Given the state’s small population, as well as its decision to license only eight dispensaries and two cultivators, North Dakota’s medical marijuana market is not expected to offer many opportunities or to be highly lucrative. Although state regulators have committed to increasing the number of business licenses available to meet demand if necessary, it is unlikely this demand will develop rapidly.