It’s been two years since Pennsylvania lawmakers approved comprehensive medical cannabis legislation. Senate Bill 3, signed into law by Gov. Tom Wolf, established a statewide medical cannabis program and allows citizens that are certified by a doctor to purchase cannabis products from a dispensary.
Beginning Feb. 15, six dispensaries almost daily began selling medical cannabis in the form of concentrates and oils. Pennsylvania’s first days of medical cannabis sales have been limited by a lack of product variety, but overall, business owners are calling the launch a success.
Pennsylvania is the fifth-largest state in the country, home to nearly 13 million people. Considering the state’s extensive list of conditions that can be treated with medical cannabis products – including chronic pain – the patient base could reach 100,000-200,000 once the market matures.
A new analysis from Marijuana Business Daily estimates that Pennsylvania’s medical cannabis market will quickly become one of the largest in the country. According to the cannabis daily news outlet, state dispensary sales could exceed $100 million annually after only a few years in. According to Marijuana Business Factbook 2018 projections, the Pennsylvania medical cannabis market will reach $50 million-$80 million in sales this year.
Market Key Features:
- A total of 52 dispensary licenses and 25 grower/processor licenses were issued in Pennsylvania, 35 are already in operation and another 17 will soon open.
- Roughly 51,000 people have received their medical marijuana cards (growth of 35% within two months).
- The sale of both flower and edibles were prohibited in Pennsylvania. However, the state started allowing the sale of cannabis in flower for vaping to be sold in July.
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