A new law in New Hampshire aimed at escalating the quantity of dispensaries permitted may possibly increase the economic overall performance of the state’s current licensed health-related cannabis companies.
The state’s MMJ plan – which consists of 4 total licenses held by 3 businesses – has posted steady development more than the previous year and a half.
Patient counts enhanced 32% among June 2018 and October 2019, reaching eight,566, the New Hampshire Division of Well being and Human Solutions (DHHS) reported in its annual update of the state’s Therapeutic Cannabis System.
These counts could rise even greater with the enactment of Residence Bill 335, which took impact in September.
The law authorized DHHS to permit New Hampshire’s licensed MMJ companies, identified as option remedy centers (ATC), to open a second “satellite” dispensary in each and every of the state’s 4 designated regions.
The new law expands upon Senate Bill 388, passed in 2018, which permitted for two satellite dispensaries in the much more rural regions of the state.
New Hampshire’s vertically integrated ATCs have historically operated at a economic loss, but they could see a increase in sales by generating it simpler for sufferers to safe health-related marijuana by decreasing the quantity of time they need to travel.
In figuring out exactly where to find the more dispensaries, DHHS defined a “travel burden” as:
- A single-way travel distance in excess of 25 miles.
- Or, a single-way travel time exceeding 30 minutes.
In some regions, much more than 20% of sufferers fall into each categories – but these travel burdens will be decreased or eliminated by the more dispensaries.
New Hampshire’s licensed MMJ companies involve Prime ATC, managed by Acreage Holdings multistate operator Temescal Wellness, which holds two licenses and Sanctuary ATC, which opened its 1st satellite place in July below the provisions of SB 388.
New Hampshire now has 5 dispensaries in operation out of the total eight permitted.
The state’s health-related marijuana plan demands sufferers to register with – and make purchases from – only a single ATC.
From July 1, 2018, to June 30, 2019:
- Prime ATC counted 40% of the state’s qualifying sufferers on its registry.
- Temescal Wellness served 36% of the state’s qualifying sufferers.
- Sanctuary ATC counted 26% of the state’s sufferers in its registry.
Maggie Cowee can be reached at [email protected]