MJBizMag January 2022 - 50

SOUTH DAKOTA
By Omar Sacirbey
A patchwork of medical marijuana opportunities in a state
where all towns must allow one cannabis business
Ballot initiative or legislation: South
Dakota voters approved Measure 26 by a vote
of 70% to 30% on Election Day 2020.
Regulatory agency:
State Department of Health
Business license types: Cultivation, product
manufacturing, retail/dispensary, testing labs.
License caps: There are no state license caps,
but counties and other local municipalities
can institute their own caps.
Out-of-state applicants: Yes, but at least
one principal officer must be a resident.
Product types: There are no restrictions.
Anticipated sales launch: Sales are expected
to launch in late summer or fall 2022.
50 January 2022 | MJBizMagazine
2021 state population and patient
numbers: South Dakota is home to 885,000
people. The first medical card was issued
Nov. 18.
Predicted size of market:
MJBizDaily projects medical marijuana sales
will total $1.5 million-$2 million in the first
year and hit $10 million-$12 million by 2024.
Local control and opt-in/opt-out rules:
There are no statewide license limits.
Municipalities are prohibited from barring all
cannabis businesses outright and must have
at least one cannabis company within their
borders. Otherwise, local governments carry
a high level of control, including writing their
own municipal cannabis business licensing
and zoning ordinances.
Social Equity Provisions: None
H
aving survived various attempts
to kill the recreational marijuana
referendums that voters passed
in 2020, South Dakota's soon-to-launch
medical market will be relatively small
but still offer opportunities for cannabis
entrepreneurs.
" South Dakota has always been an
agricultural state and a very business-friendly
state, " said Ned Horsted,
executive director of the Cannabis
Industry Association of South Dakota,
adding that each sector has attractive
points. " I think there's opportunity in
all of them. "
South Dakota has given a great
deal of regulatory authority to local
municipalities. As a result, how much
opportunity cannabis entrepreneurs
find will depend on where they choose
to locate businesses.

MJBizMag January 2022

Table of Contents for the Digital Edition of MJBizMag January 2022

MJBizMag January 2022 - 1
MJBizMag January 2022 - 2
MJBizMag January 2022 - 3
MJBizMag January 2022 - 4
MJBizMag January 2022 - 5
MJBizMag January 2022 - 6
MJBizMag January 2022 - 7
MJBizMag January 2022 - 8
MJBizMag January 2022 - 9
MJBizMag January 2022 - 10
MJBizMag January 2022 - 11
MJBizMag January 2022 - 12
MJBizMag January 2022 - 13
MJBizMag January 2022 - 14
MJBizMag January 2022 - 15
MJBizMag January 2022 - 16
MJBizMag January 2022 - 17
MJBizMag January 2022 - 18
MJBizMag January 2022 - 19
MJBizMag January 2022 - 20
MJBizMag January 2022 - 21
MJBizMag January 2022 - 22
MJBizMag January 2022 - 23
MJBizMag January 2022 - 24
MJBizMag January 2022 - 25
MJBizMag January 2022 - 26
MJBizMag January 2022 - 27
MJBizMag January 2022 - 28
MJBizMag January 2022 - 29
MJBizMag January 2022 - 30
MJBizMag January 2022 - 31
MJBizMag January 2022 - 32
MJBizMag January 2022 - 33
MJBizMag January 2022 - 34
MJBizMag January 2022 - 35
MJBizMag January 2022 - 36
MJBizMag January 2022 - 37
MJBizMag January 2022 - 38
MJBizMag January 2022 - 39
MJBizMag January 2022 - 40
MJBizMag January 2022 - 41
MJBizMag January 2022 - 42
MJBizMag January 2022 - 43
MJBizMag January 2022 - 44
MJBizMag January 2022 - 45
MJBizMag January 2022 - 46
MJBizMag January 2022 - 47
MJBizMag January 2022 - 48
MJBizMag January 2022 - 49
MJBizMag January 2022 - 50
MJBizMag January 2022 - 51
MJBizMag January 2022 - 52
MJBizMag January 2022 - 53
MJBizMag January 2022 - 54
MJBizMag January 2022 - 55
MJBizMag January 2022 - 56
MJBizMag January 2022 - 57
MJBizMag January 2022 - 58
MJBizMag January 2022 - 59
MJBizMag January 2022 - 60
MJBizMag January 2022 - 61
MJBizMag January 2022 - 62
MJBizMag January 2022 - 63
MJBizMag January 2022 - 64
MJBizMag January 2022 - 65
MJBizMag January 2022 - 66
MJBizMag January 2022 - 67
MJBizMag January 2022 - 68
https://www.nxtbook.com/emerald/MJBizMag/20240304
https://www.nxtbook.com/emerald/MJBizMag/20240102
https://www.nxtbook.com/emerald/MJBizMag/20231112
https://www.nxtbook.com/emerald/MJBizMag/202310
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-buyers-guide-cannabis-packaging-23
https://www.nxtbook.com/emerald/MJBizMag/202309
https://www.nxtbook.com/emerald/MJBizMag/202308
https://www.nxtbook.com/emerald/MJBizMag/202307
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-may-june-2023
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-april-2023
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-buyers-guide-retail-strategy-23
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-march-2023
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-february-2023
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-january-2023
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-buyers-guide-lighting-23
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-november-december-2022
https://www.nxtbook.com/emerald/MJBizMag/202210
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-buyers-guide-sustainability
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-march-2022
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-buyers-guide-cannabis-retail
https://www.nxtbook.com/emerald/MJBizMag/202204
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-february-2022
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-buyers-guide-cannabis-security
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag
https://www.nxtbook.com/emerald/MJBizMag/202208
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-july-2022
https://www.nxtbook.com/emerald/MJBizMag/2022-buyers-guide-indoor-grow
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-may-june-2022
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-packaging-automation-buyers-guide-january-2022
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-november-december-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-october-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmagazine-september-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmagazine-september-2021-lighting-buyers-guide
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-august-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-july-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-may-june-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-april-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-march-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-february-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-january-2022
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-january-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-november-december-2020
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-october-2020
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-september-2020
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-august-2020
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-july-2020
https://www.nxtbookmedia.com