MJBizMag January 2022 - 46

OPEN FOR
BUSINESS
MONTANA
By Omar Sacirbey
Adult-use market will be restricted to medical operators
until July 2023
Ballot initiative or legislation: Voters
passed Initiative 190, the Montana Marijuana
Legalization and Tax Initiative, on Nov. 3, 2020,
with a vote of 57% to 43%. State lawmakers
then passed House Bill 701, which modified
the referendum. Gov. Greg Gianforte signed
the measure on May 19, 2021.
Regulatory agency: Department of Revenue
Business license types: Thirteen
different cultivation or " canopy "
licenses, manufacturing, retail, transportation
and laboratory testing.
License Caps: There are no statewide caps,
but municipalities can impose local caps on
marijuana businesses.
Out-of-state applicants: No. Montana
residency is required to receive an adult-use
business license as well as a medical business
license. Residency can be established by living
in the state for one year.
46 January 2022 | MJBizMagazine
Product types: There are no restrictions on
available products, but flower potency is
capped at 35%.
When might sales begin: Jan. 1. Only
existing medical operators who have
obtained recreational sales licenses will be
allowed to sell to adult-use buyers. On
July 1, 2023, the recreational market will open
for new adult-use licensees.
2021 estimated medical sales:
$125 million-$155 million
State population and patient numbers:
With 1.1 million residents and 55,000
cardholders, medical marijuana patients make
up 5% of the population.
Predicted size of market: A University of
Montana study projects an adult-use market
will generate $217 million in the first full year
of sales (likely 2023) and $234 million in year
two.
Local control and opt-in/opt-out rules:
Where recreational marijuana business
can locate depends on how the state's
counties voted on Initiative 190. Recreational
marijuana businesses will be allowed to
locate in counties that approved I-190 but not
in counties that voted against the measure.
Counties can change their policies through a
local vote.
Social equity provisions: Montana
regulators are proposing strict rules for
people working in the state's marijuana
industry. Those with a criminal conviction
within the past three years would not be
eligible for cannabis-related employment.
M
ontana's recreational
cannabis market has
potential allure and
opportunity, but just how much won't
be clear until regulators finalize
market rules and individual towns

MJBizMag January 2022

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