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West Virginia
Cannabis Market
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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