Marijuana Business Factbook 2019

Marijuana Business Factbook 2019 Chapter 2 | State-By-State: Legal Overview, Market Data and Outlook 58 © 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 $5,000 License Fees $40,000 (license valid for two years) State tax requirements Delaware has no sales tax and compassion centers are exempt from gross receipts tax because they are not-for-profit State tax collections in 2018 N/A State tax requirements MMJ is exempt from sales tax as medicine State tax collections in 2018 N/A SUPPLY CHAIN DYNAMICS Dispensary structure Not-for-profit Number of dispensaries allowed 6 (called Compassion Centers), at least one per county Number of businesses operating in early 2020 5 MARKET OVERVIEW Number of registered patients 12,045 (up from 7,205 in 2018) Estimated 2019 MMJ sales via dispensaries $20 million-$25 million (up from $10 million-$14 million in 2018) DELAWARE Medical continued