Marijuana Business Factbook 2019

91 © 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 SUPPLY CHAIN DYNAMICS Dispensary structure For-profit allowed Number of businesses allowed Dispensaries: 94 Cultivators: 22 (up from 15). Up to four new grower licenses will be awarded in early 2020 following a spring application period. Cultivators may operate a single dispensary, or operate as stand-alone wholesalers. Processors: 28 (up from 20). Up to 10 new processor licenses will be awarded in early 2020 following a spring application period. Number of businesses operating in early 2020 Dispensaries: 89 Cultivators: 16 Processors: 18 Testing labs: 5 Weighted average price per pound of marijuana $2,266 MARKET OVERVIEW Number of registered patients 91,425 (up from 54,236 in early 2019*) Estimated 2019 MMJ sales via dispensaries $252 million (up from $109 million in 2018) *Maryland changed how it reported patient counts in 2019. These numbers reflect the new reporting mechanism.