West Virginia Medical Marijuana Market
West Virginia Releases Medical Marijuana Licensing Applications
Opportunities for entrepreneurs to get into West Virginia’s medical marijuana market are here. The state announced the first round of medical marijuana licensing applications in November 2019. Licensing applications release December 19 and are due on or before February 18, 2020 — entrepreneurs should be actively preparing for submission.
West Virginia plans to award 10 Cultivation, 10 Processor, and 100 Dispensary licenses. This application process will be highly competitive, and we predict the winners will be robust, experienced teams that are well-capitalized. Vertical integration is allowed and favored in this process, likely resulting in 10 large companies with 1 cultivation, 1 processor, and several dispensary licenses each.
Early business plan work puts aspiring entrepreneurs in a great competitive position, and gives them a detailed understanding of the market potential, as well as business financial modeling that can aid in securing adequate capital to launch the business.
Contact our expert consultants today to successfully apply for a cannabis business license in West Virginia.
West Virginia Licensing Applications due in:
Cannabis Business Guidance in West Virginia
Taking the time to put together a financial model and business plan now will help position you to raise capital, secure properties, win local approval, and recruit potential team members.
Market Conditions in West Virginia
West Virginia's medical marijuana law went into effect on July 5, 2017. The vertical integration and banking slowdowns that have plagued the program have cleared, and the state has announced the first round of licensing applications.
Industry education and early preparation are essential for a successful application in a highly competitive market like this one. Start preparing now to be one of the first operators serving patients in the new West Virginia medical marijuana market.
Stay up-to-date on medical marijuana in West Virginia
Cannabis legalization is changing rapidly. Our cannabis consultants can help develop your medical marijuana business from the ground up. For the latest news and events in the industry, visit our Blog and News and Events pages, and have a look at some of the following top articles on medical marijuana in West Virginia.
"Progress made in West Virginia medical cannabis program" - WOWK News 13
A smarter, more strategic approach to West Virginia medical marijuana licenses
Lean on our proven expertise and unparalleled track record to successfully secure your West Virginia cannabis license.