Upcoming Cannabis Licensing Opportunities

Upcoming Cannabis Licensing Opportunities

Sabrina
MAY 17TH, 2024

2024 is shaping up to be a big year for new cannabis markets, with exciting upcoming licensing opportunities. Whether you’re looking to launch a new business, expand into new areas, or enhance your current operations, our team is here to support!

Start Preparing for Applications in These States

Ohio

  • Adult-Use Program
  • Applications for existing licensees open in June 2024.
  • Licenses Available:
    • 40 Cultivation
    • 50 Dispensaries
  • The application process for new applicants has not yet been announced.

Kentucky

  • Medical Program
  • Licenses Available:
    • 16 Cultivation
    • 10 Processor
    • 48 Retail
    • Compliance Facilities (No Limit)
  • The application process opens July 1, 2024

Minnesota

  • Adult-Use Program
  • License Types:
  • Limited number of licenses – pending regulations
  • There is pending legislation that would allow social equity applicants to apply for temporary licenses in summer of 2024.
  • The application process is expected in early 2025

Delaware

  • Adult-Use Program
  • Licenses Available:
    • 60 Cultivation
    • 30 Processor
    • 30 Retail
    • 5 Testing Facilities
  • The application process is anticipated to open in September 2024.

Virginia

  • Adult-Use Program
  • Licenses Available:
    • 45 Cultivation
    • 60 Manufacturers
    • 400 Retail
    • 50 Transporters
  • Application process pending on regulations for adult-use cannabis sales.

Rhode Island

  • Adult-Use Program
  • Licenses Available:
    • 24 Dispensary Licenses
  • Rhode Island is currently in the process of promulgating regulations for the adult-use market.

States to Watch – Pending Legislation

Multiple states have filed legislation to legalize cannabis for medical and adult use. States with pending legislation or ballot initiatives include Florida, Nebraska, and New Hampshire. Prepare for upcoming license opportunities with early business planning.

Want to Learn More About States with Pending Legislation? Visit our states to watch page!

 

 

Interested in a Cannabis License? Contact us at 602.290.9424 or email info@thecannabisbusinessadvisors.com

Looking for a more DIY solution? Browse our Templates!

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