West Virginia

Market Map

West Virginia
Cannabis Market

West Virginia Cannabis Market At-A-Glance

Overall Rating: B+

West Virginia opened up patient registration on May 3rd, 2021. Sales are projected to begin in the Fall of 2021.

Medical Use: Yes

Adult Use: No

Market Potential

B+

There is significant growth potential for the West Virginia market as it is in its infancy.

Licensing

Licenses are capped. Now is a great time to get into the WV market since it is in the initial stages.

Competition

TBD

Tax/Regulatory Structure

10% dispensary tax

West Virginia Cannabis Details

Population (Rank)

1,792,000

#38

Size/Density

77.1 sq. miles

#29

Medical Cannabis?

Yes

2016

Adult-Use Cannabis?

2020 Medical Sales

2022 Projected Medical Sales

$36,000,000

2020 Adult Use Sales

2022 Projected Adult Use Sales

Regulatory Agency

Bureau of Public Health - Office of Medical Cannabis

https://dhhr.wv.gov/bph/Pages/Medical-Cannabis-Program.aspx

# of Dispensaries (allowed/issued)

# of Cultivators (allowed/issued)

# of Manufacturers (allowed/issued)

# of Testing Labs (allowed/issued)

Vertical Integration?

Allowed with limitations

Residency Requirements?

Social Equity?

No – possibly this year

Cannabis Taxes

Combined Tax Rate

Excise Tax

Retail Sales Tax

10%

Local Sales Tax

State Sales Tax

10%

Cultivation Tax

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

Dispensary Fee | Renewal

$10,000 | $2,500

Processor

$50,000 | $5,000

Cultivation

$50,000 | $5,000

Application Fees

Dispensary License Fee

$2,500

Cultivation/Processor License Fee

$2,500

Processor Application Fee

$10,000

Testing Lab Application Fee

$2,000

13/09/2021