Act 16 of 2016, the Medical Marijuana Act, establishes a program for the use of medical cannabis in Pennsylvania by patients with serious medical conditions. The Pennsylvania Department of Health (DOH) issues permits to approved medical cannabis growers/processors and dispensaries.
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.
According to Marijuana Business Factbook 2018, the Pennsylvania medical cannabis market reached $50 million-$80 million in sales in 2018. A new analysis from Marijuana Business Daily estimates that Pennsylvania’s medical cannabis market will quickly become one of the largest in the country.
Pennsylvania Market Key Features:
- A total of 50 dispensary licenses were issued, 43 of which are already in operation.
- Once all Phase II dispensaries are operational, there will be a total of 79 dispensaries.
- A total of 25 grower/processor licenses were issued, 12 of which are operational.
- Roughly 98,000 patients have been registered and 66,000 people have received their marijuana cards.
We offer Cannabis Financial Models and Cannabis Business Plan Templates for growing, processing, retail and vertically integrated cannabis business in Pennsylvania.
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