Marijuana Business Factbook 2019

Marijuana Business Factbook 2019 Chapter 2 | State-By-State: Legal Overview, Market Data and Outlook 178 © 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 Dispensaries: $2,500 Cultivators: $5,000 Processors: $5,000 License Fees Dispensaries: $10,000 Cultivators: $50,000 Processors: $50,000 State tax requirements 10% of gross receipts, collected on cannabis sales by growers to dispensaries State tax collections in 2018 N/A―program not yet launched SUPPLY CHAIN DYNAMICS Dispensary structure Not yet established, although a bill that would have allowed stand-alone and vertically integrated operations was vetoed by Gov. Jim Justice on the grounds that stand-alone operators would have been taxed at a higher rate than vertically integrated operators Number of businesses allowed Growers: 10 Processors: 10 Dispensaries: 100 Number of businesses operating in early 2020 N/A―program not yet launched MARKET OVERVIEW Number of registered patients None as of press time Estimated 2019 MMJ sales via dispensaries Sales are not expected to begin before 2021 WEST VIRGINIA Medical continued