MJBiz - September/October 2024 - 20

INDUSTRY DEVELOPMENTS State by State
Delaware
Existing medical marijuana businesses in Delaware will be allowed to convert to adult-use
sales under a bill signed into law by the governor.
Conversion licenses will cost $200,000, but they'll allow recreational cannabis sales to begin
in the state in time for a promised 2025 launch date, Delaware Business Now reported.
That goal already represents a delay.
November 2024 was set as the initial launch date when Gov. Jay Carney allowed adult-use
legislation to become law last year.
Initially, state Marijuana Commissioner Robert Coupe was reluctant to allow Delaware's
existing 13 MMJ dispensaries to convert to adult use over supply-chain fears.
Critics said that allowing MMJ companies to convert to adult use would harm small businesses
and discourage minority operators from entering the industry, Newark-based Delaware
Business Now noted.
Existing operators include New York-based marijuana multistate operator The Cannabist
Co., which has three locations in Delaware.
License applications for other would-be entrants are supposed to be available by this fall.
There are only roughly 27,000 MMJ patients in Delaware, according to state data.
http://mckinneyrsa.com

MJBiz - September/October 2024

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