Minnesota is still building the framework for its recreational cannabis marketplace but a new study from the Office of Cannabis Management places a figure on how many legal dispensaries the state will need.
According to the OCM’s cannabis demand study, Minnesota will require no less than 381 retail licenses. That’s based on a statute requiring local governments to make one retail location available for every 12,500 residents.
“However, many local governments may seek to have more retail registrations than the statutory minimum. As such, the legislature may consider a larger number than the statutory minimum,” the OCM wrote in its report.
Minnesota officially legalized recreational cannabis in May 2023. Retail sales in the state are likely to kick off approximately one year from that date. Once licensed, cannabis dispensaries in the state will have to charge sales tax plus a 10% cannabis tax.