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Minnesota
Cannabis Market
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Minnesota Cannabis Market At-A-Glance

Overall Rating: C
The Minnesota cannabis market is one of the country’s weakest medical markets. There are very strict laws in place that limit the amount of businesses. In June of 2021, cannabis flower was added to the list of cannabis substances allowed for purchase in Minnesota.
Medical Use: Yes
Adult Use: Yes
Market Potential
C-
There is slim to no market potential in Minnesota due to the strict licensing cap.
Licensing
B
One time non-refundable application fee.
Competition
C-
High. There are only 2 dispensaries allowed in the state.
Tax/Regulatory Structure
A+
No taxes.

Minnesota Cannabis Details

Population (Rank)
5,640,000
#29
Size/Density
70.5 sq. miles
#30
Medical Cannabis?
Yes
2014
Adult-Use Cannabis?
Yes
NA
2020 Medical Sales
2022 Projected Medical Sales
$39,000,000
$101,000,000
+159%
2020 Adult Use Sales
2022 Projected Adult Use Sales
NA
NA
NA
Regulatory Agency
Minnesota Department of Health-Division of Health Policy-Office of Medical Cannabis
https://www.health.state.mn.us/people/cannabis/
# of Dispensaries (allowed/issued)
2
2
# of Cultivators (allowed/issued)
Encompassed by Medical Cannabis Manufacturers Allowed
Medical Cannabis Manufacturers Allowed
# of Manufacturers (allowed/issued)
Medical Cannabis Manufacturers Allowed
Medical Cannabis Manufacturers Allowed
# of Testing Labs (allowed/issued)
Medical Cannabis Manufacturers Allowed
2
Vertical Integration?
Required
Residency Requirements?
NA
Social Equity?
No

Cannabis Taxes

Combined Tax Rate
None
Excise Tax
None
Retail Sales Tax
None
Local Sales Tax
None
State Sales Tax
None
Cultivation Tax
None

Licensing Fees (per year)
*Varies based on gross revenue

Patient Renewal
$60

Application Fees

For all license types
$6,000
12/09/2021

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