Delaware Cannabis Real Estate & Regulations
Zoned Properties in Delaware
Population:
1,003,000 (2021)
Local Zoned Broker:
TBD
Number of Retail Licenses:
0
Licensing Status:
Awarding licenses from September 2024
Legal Status:
Recreational
Cannabis Sales:
Pending
License Dynamic:
Limited
Delivery Allowed:
TBD
Drive Thru Allowed:
TBD
Be Among The First People To Own A Profitable Green Zone In Delaware!
The state of Delaware is the hot ticket going around as hundreds, if not thousands, of Cannabis operators are set to secure the most business-friendly, profitable real estate properties to establish their facilities.
Hurry and be among the first few to secure a compliant zone that fosters business growth and success.
We bring you a hassle-free solution for locating compliant zones for your Cannabis business or real estate investment, relieving you from the tedious task of navigating through countless zoning codes and GIS software. Our team handles the heavy lifting, allowing you to dedicate your time and energy to core business needs.
Send us a message, and we will help you locate compliant zones to establish your Cannabis business or invest your money in Cannabis real estate.
Site Identification
Our experts know everything about identifying compliant zones for Cannabis businesses. From highly regulated cannabis zoning, permitting, development, and operational challenges, we will help you locate the best Cannabis real estate deals.
Brokerage
We work with a team of real estate brokerage experts dedicated to helping you sell, lease, rent, or buy real estate property. We make the process as seamless and straightforward as possible, ensuring that you get the best returns on your investment.
Investment
Don’t invest in real estate until you’ve had an expert take a look at the property to advise if it’s profitable or worth your money. Let us guide your real estate investment decisions with our wealth of knowledge in the Cannabis real estate industry.
Ready To Invest In Cannabis Real Estate In DE?
Delaware is set to kick off the licensing program for legal Cannabis sales in late 2024, becoming the 22nd state to legalize the use and sale of recreational Cannabis. This is a wake-up call for all Cannabis operators looking to tap into this goldmine of an opportunity.
Since the decriminalization of Cannabis in 2015, it took the state of Delaware another eight years to finally legalize the recreational use of Cannabis and to approve a bill to sell and tax the product. Legalization became effective on the 23rd of April, 2023, and since then, talks of issuing licenses have begun.
Send us a message, and let’s help you locate business-friendly, compliant zones in Delaware.
Delaware Cannabis Regulations
State Cannabis Overview: Delaware is the latest state in the US to legalize the recreational use of Cannabis and its sale. The bill was approved in April of 2023, and the product sale will commence around Thanksgiving of 2024.
The laws on the use, possession, distribution, and sale of Cannabis products remain similar across the country. Only adults ages 21 and above can carry one ounce of Cannabis in Delaware, as anything above that can is termed a misdemeanor.
Licensing: According to the Delaware Cannabis Policy Coalition, licenses will be issued by a Marijuana commissioner within the Division of Alcohol and Tobacco Enforcement. This body will also be responsible for regulating and inspecting Cannabis businesses to enforce compliance and safety across the state.
The state of Delaware will be issuing licenses for four types of businesses, including:
- Manufacturers
- Retailers
- Laboratories, and
- Cultivation facilities.
Delaware will be offering 125 licenses to Cannabis businesses 19 months after launch using a competitive and scored process that will go as follows:
- 60 cultivation licenses, including half for businesses with over 2,500 square feet and the other half for under 2,500 square feet. 20 of the total cultivation licenses will go to social equity applicants.
- 30 retail licenses: 15 of these will go to social equity applicants
- 30 manufacturing licenses: 10 of these will go to social equity applicants and 10 to micro businesses.
- Five (5) testing laboratory licenses: Two of these will go to social equity applicants.
Local Authority: As always, local authorities have the right to impose further regulations to guide Cannabis use and sales in different municipalities. Ensure to get more information regarding zoning, sales, operating hours, building permits, and more from the local authorities before building your establishment.
You don’t have to go through all that work to get a business-friendly, profitable, and compliant location for your business or real estate investment. Let our experts take that burden off your shoulders today! Send us a message to find high-yielding real estate property in DE.
Median Age: 41
Median Income: $34,513
Regulations last updated as of: August 2023
Have any Questions?
What is the projected cannabis market in Delaware?
Before the legalization of the use and sale of recreational Marijuana, Delaware had a continually growing Cannabis market that was projected to grow to $54.1 million by 2025, according to Statista. However, this figure is expected to multiply as recreational Marijuana businesses begin to fully function in the state.
What is the cheapest state to open a dispensary in the US?
If you’re looking to start a Cannabis dispensary in the US with a tight budget, some states you can consider are:
- Alaska
- Oregon
- California
- Massachusetts
- Michigan
- Colorado
You can also invest in states like Delaware that have only recently legalized the sale and use of recreational Marijuana. Since the industry isn’t very saturated yet, you can expect licenses, real estate, and more to be affordable.
How many cannabis licenses are there in Delaware?
There are currently no Cannabis licenses in Delaware. However, the state has mentioned that it will be issuing 125 licenses to be distributed among retailers, cultivators, manufacturers, and producers when sales launch between November 2024 and January 2025.
Still have questions? Contact us
Disclaimer: The information provided on this website does not, and is not intended to, constitute legal, financial, or other professional advice. All information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; Zoned Properties does not recommend or endorse the contents of the third-party sites.
Sources:
https://www.delawarecannabispolicy.org/why-regulate/summary-of-hb-305-the-delaware-marijuana-control-act/
https://en.wikipedia.org/wiki/Cannabis_in_Delaware
https://www.statista.com/statistics/798137/delaware-cannabis-sales-value-forecast/
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