Iowa’s fledgling medical cannabis market, which counts 3,000 registered patients, has been bolstered by a second processor and new products.
Here are the latest developments for a program that the Marijuana Business Factbook projects will reach $4 million-$5 million in sales this year:
- The second state-approved medical cannabis cultivator/processor, Cedar Rapids-based Iowa Relief, launched last week. The company will initially offer a CBD tincture with plans to sell a CBD-THC tincture, according to The Courier of Waterloo-Cedar Falls.
- The state’s first processor, MedPharm Iowa of Des Moines, plans to release vapor-based products.
Iowa’s medical cannabis program launched in December 2018.
MMJ sales in Iowa are approaching $1.34 million, The Courier reported, citing a state program manager.
The program is limited to five dispensaries and two grower/cultivators.
Republican Gov. Kim Reynolds has been reluctant to support expansion.
She vetoed a bill this year that would have lifted the 3% THC cap on product potency.