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Montana
Cannabis Market
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Montana Cannabis Market At-A-Glance

Overall Rating: A+
Montana is set to open their recreational cannabis market in 2022, as they will begin accepting cannabis dispensary applications on January 1st. This market is brand new, so there is a lot of opportunity in this northern state. Montana is one of the least populated states, giving potential cannabis operators an opportunity to dominate certain areas of the state.
Medical Use: Yes
Adult Use: Yes
Market Potential
A+
The market is brand new. There is opportunity in Montana for those looking to enter the cannabis industry since they have not yet begun taking applications.
Licensing
A+
Right now there are no caps on the licenses. This might change before licensing applications open up.
Competition
A+
Since Montana is in the very beginning stages of the recreational cannabis market, competition is low.
Tax/Regulatory Structure
A+
No statewide tax, just an excise tax.

Montana Cannabis Details

Population (Rank)
1,069,000
#48
Size/Density
6.86 sq. miles
#43
Medical Cannabis?
Yes
2004
Adult-Use Cannabis?
Yes
2021
2020 Medical Sales
2022 Projected Medical Sales
$103,000,000
$148,000,000
+44%
2020 Adult Use Sales
2022 Projected Adult Use Sales
NA
NA
NA
Regulatory Agency
Department of Public Health and Human Services
https://dphhs.mt.gov
# of Dispensaries (allowed/issued)
No limit
0
# of Cultivators (allowed/issued)
No limit
0
# of Manufacturers (allowed/issued)
No limit
0
# of Testing Labs (allowed/issued)
No limit
0
Vertical Integration?
Allowed
Residency Requirements?
Must be Montana resident, no length of time specified
Social Equity?
Yes

Cannabis Taxes

Combined Tax Rate
20% | 4%
Excise Tax
Retail: 20% | Medical: 4%
Retail Sales Tax
NA
Local Sales Tax
NA
State Sales Tax
NA
Cultivation Tax
NA

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

Dispensary
$500
Laboratory License
$2,000

Application Fees

Cardholder Application
$30
10/09/2021

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