Marijuana Business Factbook 2019

161 © 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 BUSINESS TAXES & FEES Application Fees $2,500 License Fees $20,000 (new), $25,000 (annual renewal) State tax requirements None State tax collections in 2018 $0 SUPPLY CHAIN DYNAMICS Dispensary structure Not-for-profit Number of dispensaries allowed 5 Number of dispensaries operating in early 2020 5 Weighted average price per pound of marijuana $2,985 MARKET OVERVIEW Number of registered patients 5,198 (up from 3,800 in early 2017) Estimated 2019 MMJ sales via dispensaries $18 million-$22 million (unchanged from 2018 estimates)