Marijuana Business Factbook 2019

139 © 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 Qualifying medical conditions AIDS, amyotrophic lateral sclerosis, Alzheimer’s disease, cancer, chronic traumatic encephalopathy, Crohn’s disease, epilepsy or another seizure disorder, fibromyalgia, glaucoma, hepatitis C, inflammatory bowel disease, multiple sclerosis, pain that is either chronic and severe or intractable, Parkinson’s disease, positive status for HIV, PTSD, sickle cell anemia, spinal cord disease or injury, Tourette syndrome, traumatic brain injury and ulcerative colitis. Business regulations Heavy. Among other things, regulations require businesses to meet certain financial criteria, adhere to local zoning laws, utilize the state inventory tracking system and meet multiple security, storage, sanitation and quality standards (including specific labeling requirements). BUSINESS TAXES & FEES Application Fees Cultivators: $20,000 (Level 1 growers); $2,000 (Level 2 growers) Dispensaries: $5,000 Processors: $10,000 Testing labs: $2,000 License Fees Cultivators: Level 1: $180,000 (initial fee), $200,000 (annual renewal) Level 2: $18,000 (initial fee), $20,000 (annual renewal) Dispensaries: $70,000 (biennial) Processors: $90,000 (initial fee), $100,000 (annual renewal) Testing labs: $18,000 (initial fee), $20,000 (annual renewal) State tax requirements MMJ is subject to state and local sales tax State tax collections in 2018 N/A―program launched Jan. 2019