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Mississippi
Cannabis Market
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Mississippi Cannabis Market At-A-Glance

Overall Rating: B
Medical cannabis was legalized in Mississippi during the 2020 election. There were plans to hopefully have the legislature in place by Summer 2021, but that is still underway.
Medical Use: Yes
Adult Use: No
Market Potential
A
No dispensary licensing caps gives many people an opportunity to join the market.
Licensing
F
No licensing details available yet.
Competition
C
No licensing caps will allow for high competition.
Tax/Regulatory Structure
A+
No tax for medical cannabis.

Mississippi Cannabis Details

Population (Rank)
2,976,000
#31
Size/Density
63.2 sq. miles
#32
Medical Cannabis?
Yes
2020
Adult-Use Cannabis?
No
NA
2020 Medical Sales
2022 Projected Medical Sales
NA
NA
NA
2020 Adult Use Sales
2022 Projected Adult Use Sales
NA
NA
NA
Regulatory Agency
The Mississippi State Department of Health
https://www.dfa.arkansas.gov/medical-marijuana-commission
# of Dispensaries (allowed/issued)
No limit
40
# of Cultivators (allowed/issued)
NA
NA
# of Manufacturers (allowed/issued)
Allowed for both cultivation and dispensaries
Allowed for both cultivation and dispensaries
# of Testing Labs (allowed/issued)
NA
NA
Vertical Integration?
NA
Residency Requirements?
NA
Social Equity?
NA

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

Dispensary
NA
Cultivator
NA
Manufacturer
NA

Application Fees

Dispensary
NA
Cultivator
NA
Manufacturer
NA
13/09/2021

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