Marijuana Business Factbook 2019

Marijuana Business Factbook 2019 Chapter 2 | State-By-State: Legal Overview, Market Data and Outlook 96 © 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 Retail (brick and mortar): $300 Cultivation: $100-$600 depending on size of grow Craft Marijuana Cooperative: fees based on canopy, number of locations and whether indoor or outdoor Manufacturing or Testing Lab: $300 Microbusiness: $300 License Fees Retail (brick and mortar): $5,000 Cultivation: $1,000-$25,000 depending on size of grow and whether indoor or outdoor Craft Marijuana Cooperative: fees based on canopy, number of locations and whether indoor or outdoor Manufacturing or Testing Lab: $5,000 Microbusiness: 50% of applicable license fees State tax requirements 10.75% special excise tax and 6.25% sales tax, local jurisdictions may add an additional 3% tax State tax collections in 2018 $2,586,255 (collected between 11/20/18 and 12/31/18) SUPPLY CHAIN DYNAMICS Retail store structure For-profit allowed Number of businesses allowed Unlimited. Experienced medical marijuana businesses get priority for licenses. Number of businesses operating in early 2020 Retail stores: 39 Cultivators: 32 Marijuana Product Manufacturers: 27 Testing Labs: 2 MASSACHUSETTS Recreational continued