Marijuana Business Factbook 2019

87 © 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 Cultivators: $60 to $500 depending on tier Retail store: $250 Manufacturer: $250 Testing lab: $250 License Fees Cultivators: $350 to $30,000 depending on tier Retail store: $2,500 Manufacturer: $2,500 Testing lab: $1,000 State tax requirements TBD. Proposals have ranged from 10% to 25% sales tax on retail sales State tax collections in 2018 N/A―sales to begin in 2020 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 None―licenses will be awarded in early 2020 MARKET OVERVIEW Estimated number of in-state customers 190,000-230,000 Estimated recreational marijuana sales via retail stores in 2019 None―sales will not begin until 2020