Pennsylvania

Market Map

Pennsylvania
Cannabis Market

Pennsylvania Cannabis Market At-A-Glance

Overall Rating: A-

The Pennsylvania medical market has been on a steady rise since 2019. The market is projected to hit around 1.1 billion in sales by 2024. Since the market has been so successful, there is now a push for licensing acquisition in Pennsylvania.

Medical Use: Yes

Adult Use: No

Market Potential

A+

There is definitely market potential in Pennsylvania for retail operators. A little over 50% of the allotted licenses have been issued.

Licensing

B-

The licensing is very expensive.

Competition

There is healthy competition in the PA medical market.

Tax/Regulatory Structure

Low wholesale tax paid to retail operators.

Pennsylvania Cannabis Details

Population (Rank)

12,801,000

Size/Density

286.2 sq. miles

#15

Medical Cannabis?

Yes

2016

Adult-Use Cannabis?

2020 Medical Sales

2022 Projected Medical Sales

$116,000,000

$363,000,000

213%

2020 Adult Use Sales

2022 Projected Adult Use Sales

Regulatory Agency

Department of Health of the Commonwealth

https://www.health.pa.gov/Pages/default.aspx

# of Dispensaries (allowed/issued)

# of Cultivators (allowed/issued)

# of Manufacturers (allowed/issued)

Directly related to cultivators

# of Testing Labs (allowed/issued)

No limit

Vertical Integration?

No more than 5 grower/processors may be issued Permits as dispensaries. If the number of growers/processors is increased under section 1202, no more than 20% of the total number of growers/processors may also be issued permits as dispensaries.

Residency Requirements?

Social Equity?

No – possibly this year

Cannabis Taxes

Combined Tax Rate

Excise Tax

Retail Sales Tax

Local Sales Tax

State Sales Tax

Cultivation Tax

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

Dispensary Fee | Renewal

$30,000 | $5,000

Cultivator/Processor Fee | Renewal

$200,000 | $10,000

Application Fees

Dispensary

$5,000

Cultivator/Processor

$10,000

13/09/2021