Marijuana Business Factbook 2019

51 © 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 Retail Store: $4,500 (new), $250 (conversion from med to rec), $2,250 (current med adding rec) Cultivator: $4,000 Infused Product Manufacturer: $4,000 Testing Lab: $2,000 License Renewal Retail Store: $1,800 (renewal) Cultivator: $1,800 to $7,300 depending on plant count up to 13,800, then $800 additional per 3,600 additional plants (renewal) Infused Product Manufacturer: $1,800 (renewal) Testing Lab: $1,800 (renewal) State tax requirements 15% retail marijuana excise tax and 15% retail marijuana sales tax State tax collections in 2018 $244,815,148 SUPPLY CHAIN DYNAMICS Retail store structure For-profit allowed Number of businesses allowed No statewide limits, though local municipalities may impose them or institute bans Number of licenses granted as of early 2020 Retail Stores: 572 Cultivators: 683 Infused Product Manufacturers: 286 Testing Labs: 14 Weighted average price per pound of marijuana $976