About Us
Meet our Team
Diversity & Inclusion
Partnerships
Services
Audit & Assurance
Cannabis Audit Services
IPO Services
Public Company Services
Tax
Federal Tax
State and Local Cannabis Tax
Tax Controversy
Individual Tax
Accounting & Financial
Cannabis Outsourced CFO & Accounting
Cannabis Event Readiness
Advisory
Transaction Advisory
Management Consulting
Governance, Risk and Compliance
Knowledge
Knowledge Base
Cannabis Stock Market Report
Cannabis Topic Hubs
Cannabis Market Map
Educational Guides
Client Login
Careers
Job Opportunities
Menu
About Us
Meet our Team
Diversity & Inclusion
Partnerships
Services
Audit & Assurance
Cannabis Audit Services
IPO Services
Public Company Services
Tax
Federal Tax
State and Local Cannabis Tax
Tax Controversy
Individual Tax
Accounting & Financial
Cannabis Outsourced CFO & Accounting
Cannabis Event Readiness
Advisory
Transaction Advisory
Management Consulting
Governance, Risk and Compliance
Knowledge
Knowledge Base
Cannabis Stock Market Report
Cannabis Topic Hubs
Cannabis Market Map
Educational Guides
Client Login
Careers
Job Opportunities
Contact Us
Market Map
West Virginia
Cannabis Market
Get Started
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
B
Licenses are capped. Now is a great time to get into the WV market since it is in the initial stages.
Competition
B
TBD
Tax/Regulatory Structure
A
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?
No
NA
2020 Medical Sales
2022 Projected Medical Sales
NA
$36,000,000
NA
2020 Adult Use Sales
2022 Projected Adult Use Sales
NA
NA
NA
Regulatory Agency
Bureau of Public Health - Office of Medical Cannabis
https://dhhr.wv.gov/bph/Pages/Medical-Cannabis-Program.aspx
# of Dispensaries (allowed/issued)
30
0
# of Cultivators (allowed/issued)
10
0
# of Manufacturers (allowed/issued)
10
0
# of Testing Labs (allowed/issued)
NA
0
Vertical Integration?
Allowed with limitations
Residency Requirements?
NA
Social Equity?
No – possibly this year
Cannabis Taxes
Combined Tax Rate
NA
Excise Tax
NA
Retail Sales Tax
10%
Local Sales Tax
NA
State Sales Tax
10%
Cultivation Tax
NA
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