Marijuana Business Factbook 2019

Marijuana Business Factbook 2019 Chapter 2 | State-By-State: Legal Overview, Market Data and Outlook 78 © 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: $5,000 Cultivators/Manufacturers: $7,500 License Fees Dispensaries: $60,000 Cultivators/Manufacturers: $150,000 Working capital/escrow/ bond requirements None State tax requirements 6% sales tax, although lawmakers are currently considering a sales tax exemption State tax collections in 2018 N/A SUPPLY CHAIN DYNAMICS Dispensary structure For-profit allowed Number of businesses allowed Dispensaries: 5 Cultivators/Manufacturers: 2 Number of businesses operating in early 2020 Dispensaries: 5 Cultivators/Manufacturers: 2 MARKET OVERVIEW Number of registered patients 4,231 (up from 2,538 in early 2019) Estimated 2019 MMJ sales via dispensaries $5 million-$6 million IOWA Medical continued